Access Pharmaceuticals, Inc.

Access Pharmaceuticals Signs Definitive Merger Agreement With Somanta Pharmaceuticals

Published in Healthcare Mergers, Acquisitions and Ventures Week, May 5th, 2007

ACCESS PHARMACEUTICALS, INC. (BULLETIN BOARD: ACCP) and Somanta Pharmaceuticals, Inc. (BULLETIN BOARD: SMPM) announced that they have signed a definitive merger agreement by which Access will acquire Somanta. The companies had previously announced the execution of a non-binding Letter of Intent regarding the merger.

Under the terms of the merger agreement, Access will issue 1.5 million shares of common stock to Somanta stockholders in exchange for all the outstanding capital stock of Somanta. The merger agreement has been approved by the boards of both companies. In addition, Access has received voting agreements from certain Somanta shareholders representing...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2007-05-05)

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