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Forbes Medi-Tech Sells Andro Business

Forbes Medi-Tech Sells Andro Business

VANCOUVER, British ColumbiaForbes Medi-Tech Inc. (NASDAQ:FMTI) sold its pharmaceutical fine chemicals business, which focused on process technologies for androstenedione and androstadienedione, to an unnamed multi-national pharmaceutical company. The sale gave the company $1.9 million in gross proceeds. This initiative is in line with Forbes streamlined focus on generating revenue for its nutraceutical business.

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