Moberg Pharma completes divestment of three brands for $10.4 million
STOCKHOLM, April 4th, 2016. Moberg Pharma AB (OMX: MOB) announces that the company has completed the divestment of the Jointflex, Fergon and Vanquish brands to Strides Pharma Inc. for a total consideration of $10.4 million, whereof $0.4 million comprises inventory value.Moberg Pharma’s strategy is to build value through profitable growth of strategic brands, increasing the value of pipeline assets and acquisitions. Completing the divestment of the three brands enables Moberg Pharma to focus on its core business. About this informationMoberg Pharma discloses this information pursuant to