Navigation Links
Paramount Completes Acquisition of Chem Rx
Date:10/26/2007

NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Paramount Acquisition Corp. (OTC Bulletin Board: PMQC, PMQCU, PMQCW) ("Paramount") announced today it has completed the acquisition of 100% of the outstanding stock of B.J.K. Inc., a New York corporation doing business as Chem Rx ("Chem Rx"), pursuant to a Stock Purchase Agreement, by and among Paramount, Chem Rx and the shareholders of Chem Rx, dated June 1, 2007, as amended. Effective as of the closing of the acquisition, Paramount has changed its name to "Chem Rx Corporation."

ABOUT CHEM RX

Founded more than 40 years ago, Chem Rx is a major, privately-owned long- term care pharmacy serving the New York City metropolitan area, as well as parts of New Jersey, upstate New York, and Pennsylvania. Chem Rx's client base includes skilled nursing facilities and a wide range of other long-term care facilities. Chem Rx provides to more than 61,000 residents prescription and non-prescription drugs, intravenous medications, durable medical equipment items and surgical supplies. Chem Rx's website address is http://www.chemrx.net.

ABOUT PARAMOUNT ACQUISITION CORP.

Paramount Acquisition Corp. was formed for the specific purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with an operating business in the healthcare industry. Paramount raised net proceeds of approximately $53 million through its initial public offering consummated in October 2005 and exercise of the over-allotment option, and has dedicated its attention since the offering to seeking and evaluating business combination opportunities.

Cautionary Statements

This press release contains forward-looking statements about Paramount, Chem Rx and their combined business after completion of the proposed business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements a
'/>"/>

SOURCE Paramount Acquisition Corp.
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2

Related medicine news :

1. iGATE Completes Phase I Testing Of Meningitis Vaccine
2. Delhi Hospital Completes 100 Liver Transplants
3. Roche Completes Acquisition of BioVeris
4. AEternas acquisition of Zentaris being followed up with its new product pipeline and clinical development strategy
5. Leading Biotech Companies Are Interested In Acquisition Of Smaller Companies
6. NHS financial crisis may lead to roll back of flexi-work scheme and private acquisition
7. Smoking Increases Risk of HIV Acquisition
8. Circassia Announces Acquisition of Organ Transplant Anti-Rejection Technology
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/29/2008)...srupt normal development, mouse study finds , ... few glasses of wine over a short period in early ...chers from the Medical College of Georgia. , T...affects one in 1,000 babies, include facial malfor...ye openings, and a short nose. Researchers are inv...
(Date:8/29/2008)...-FirstCall/ -- Landauer, Inc. (NYSE:,LDR) announce...ular,quarterly cash dividend of $0.50 per share fo...will be paid on October 3, 2008, to shareholders o... Landauer is the leading provider of analytical se... radiation exposure. For more than 50 years,the C...
(Date:8/29/2008)...Telemedicine Encounter Management Systems (TEMS) t... possible solution to national health care problem...WEB) August 29, 2008 -- If there has been any one ...Democratic National Convention it has been the par...lth care issues., , ,Our Democratic leadership rec...
(Date:8/28/2008)...ia led to daytime tiredness, symptoms of depressio... -- Older adults who live with and provide direct ...ve significantly worse sleep than other older adul... 31 caregivers and 102 noncaregivers, ages 60 to 8...t than non-caregivers and took about 10 minutes lo...
Breaking Medicine News(10 mins):Health News:Alcohol in Early Pregnancy May Prompt Fetal Cell Death 2Health News:AMD Global Telemedicine Inc. Invited to Attend Democratic National Convention 2Health News:Older Caregivers Prone to Worse Sleep Patterns 2
...ases the risk of a car crash resulting in serious ...rsity of Auckland studied 500 drivers and passenge...1999 and 2000.// A furthe r400 drivers using the r...used as a control group. Drivers reporting sleepi...
..., have enrolled 10 patients with early stage bladd...ug which is used for pancreatic and non-small cell...cer.// They administered it directly into the blad...ttle of it escaped into the bloodstream. This mig...
...go, have been assessing the effectiveness of an a...in, which is commonly prescribed for treatment of ...trarily allocated 150 adults with acute bronchitis...tamin C. All patients got cough syrup (liquid dext...
...sity, working with yeast have made the unexpected...cation of HIV inside cells, a finding that could l...us that causes AIDS.//A team of researchers at Hop...immunodeficiency virus depends on an enzyme called...
Other Medicine News:Health News:Elevating Manganese Levels hold back HIV 2
(Date:8/28/2008)...Campaign encourages parents to protect their 11- a...nd the virus that causes cervical cancer, ATLANTA...r Disease,Control and Prevention,s (CDC) National ...oday announced that new public service announcemen...ow available to broadcast,organizations. The telev...
(Date:8/28/2008)...VIENNA, Austria, Aug. 28 /- Intercell...tor Merck & Co., Inc. has initiated a Phase II,cli...r the prevention of,Staphylococcus aureus (S. aure...ebo controlled study aims to evaluate the safety a...ents with end-stage kidney disease on,hemodialysis...
(Date:8/27/2008)...thwestern Memorial Hospital one of 18 centers invo...re-USNewswire/ -- Results of a 10-year study,publi...rnal of Medicine,found that magnesium sulfate admi...station reduced the risk of cerebral palsy by 50 p...ium Sulfate (BEAM) trial was,conducted in 18 cente...
(Date:8/27/2008)...ANTONY, France, August 27 /...nical Results in a,Pharmacodynamic Study Conducted....A. announces the highly positive results of a new...(ACC)., The study on Oralair(R) Grasses included ...e with different treatment durations: 1 week, 1 mo...
Breaking Medicine Technology:Intercell Announces Initiation of Further Phase II Clinical Trial of V710 an Investigational Vaccine to Prevent S. aureus Infection 2Intercell Announces Initiation of Further Phase II Clinical Trial of V710 an Investigational Vaccine to Prevent S. aureus Infection 3National Study Shows Magnesium Sulfate Reduces Risk of Cerebral Palsy in Premature Births 2National Study Shows Magnesium Sulfate Reduces Risk of Cerebral Palsy in Premature Births 3Stallergenes: New Study VO 56 Highly Positive Results Conducted in an Allergen Challenge Chamber 2Stallergenes: New Study VO 56 Highly Positive Results Conducted in an Allergen Challenge Chamber 3New Data Highlights Positive Results of Namenda 28Memantine HCl 29 Once Daily Extended Release Formulation 24665 1New Data Highlights Positive Results of Namenda 28Memantine HCl 29 Once Daily Extended Release Formulation 24665 2New Data Highlights Positive Results of Namenda 28Memantine HCl 29 Once Daily Extended Release Formulation 24665 3New Data Highlights Positive Results of Namenda 28Memantine HCl 29 Once Daily Extended Release Formulation 24665 4National Orgasm Day 31 July 2008 Womens Health Campaign Reaches Climax 24661 1National Orgasm Day 31 July 2008 Womens Health Campaign Reaches Climax 24661 2Back to School Resolution 3A Practice Food Safety and Healthier Eating 24656 1Back to School Resolution 3A Practice Food Safety and Healthier Eating 24656 2PCAS 3A Half Result 2008 24654 1PCAS 3A Half Result 2008 24654 2
...)--Jun 25, 2007 - VIVUS, Inc.,(NASDAQ: VVUS), a ph...and commercialization of novel therapeutic product... Glycemic Parameters,in Obese Diabetic Patients Tr... a Private Practice Setting has been published in ...Sessions Abstract,book. The abstract is available ...
...n 25, 2007 - Elixir,Pharmaceuticals, Inc., announc...ting the ability of Glufast(R) (mitiglinide calciu...h metformin, to,manage glucose surges before and a...t Book for the American Diabetes,Association 67th ...lufast is an insulin secretagogue that lowers post...
Other Medicine Technology:VIVUS Announces Abstract Published at American Diabetes Association,Scientific Sessions 2VIVUS Announces Abstract Published at American Diabetes Association,Scientific Sessions 3Elixir Pharmaceuticals Announces Clinical Data at American Diabetes,Association Conference Highlighting Ability of Glufast to Maintain,Glycemic Control in Patients with Type 2 Diabetes 2Elixir Pharmaceuticals Announces Clinical Data at American Diabetes,Association Conference Highlighting Ability of Glufast to Maintain,Glycemic Control in Patients with Type 2 Diabetes 3Elixir Pharmaceuticals Announces Clinical Data at American Diabetes,Association Conference Highlighting Ability of Glufast to Maintain,Glycemic Control in Patients with Type 2 Diabetes 4Elixir Pharmaceuticals Announces Clinical Data at American Diabetes,Association Conference Highlighting Ability of Glufast to Maintain,Glycemic Control in Patients with Type 2 Diabetes 5
Accepted by leading authorities as a simple and accurate method for discovering congenital color blindness of two type total color blindness and red/green blindness. This book is used for children an
MVR Blades for water tight self sealing incision.
... Stiletto / MVR knife. 1.1 mm (19G) with a 1.38 mm..., 1 bx/ca). State-of-the-art manufacturing and qua...harp and precise. Sure grip handles have a ridge i...eates a fluid tight incision for self-sealing woun...
Lens Plus Daily Cleaner is the preservative-free daily cleaner for soft contact lenses.
Medicine Products: