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Business
Arigene Will Merge With Trimeris
by Ann M. Thayer
October 12, 2009
| A version of this story appeared in
Volume 87, Issue 41
South Korea’s Arigene will acquire Trimeris through an $81 million stock offering. The offering price of $3.60 per share is a 40% premium on the price of Trimeris’ stock on Oct. 1. Durham, N.C.-based Trimeris develops antiviral drugs and is the originator of the HIV fusion inhibitor Fuzeon, which is sold by Roche. Arigene is a medical equipment manufacturer looking to expand into the broader biotechnology industry.
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