NEW YORK (GenomeWeb News) – Warnex today announced it has completed the sale of its Analytical Services division to Neopharm Labs.

The deal had an effective date of April 2 and provides Warnex with C$300,000 (US$303,616) in cash proceeds. Under the transaction's terms, Neopharm assumes certain specific undisclosed liabilities related to the division. Subject to certain conditions, Warnex will have the right to terminate the lease for its Laval, Quebec facilities, which are owned by an affiliate of Neopharm, prior to the current expiry date of the lease.

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