A.P. Pharma

A.P. Pharma Stockholders Approve Reverse Stock Split

Published in Healthcare Mergers, Acquisitions and Ventures Week, June 16th, 2007

A.P. Pharma, Inc. (NASDAQ:APPA), a specialty pharmaceutical company, today reported that its stockholders approved a reverse stock split of the company's outstanding shares of common stock at a ratio within a range of 1:2 to 1:4 in a vote at the annual stockholder meeting held May 23, 2007.

Following this approval, A.P. Pharma is implementing an immediate 1-for-4 reverse stock split, which will be effective upon the beginning of trading on May 24, 2007. Prior to the split, the Company had approximately 25.4 million common shares outstanding.

Keywords: A.P. Pharma, Pharmaceuticals.

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2007-06-16)

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