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PanGeo Pharma Sale To Jamieson Laboratories Approved

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By: Sean Moloughney

Editor, Nutraceuticals World

PanGeo Pharma, Inc., Montreal, Quebec, Canada, has been approved by the Quebec Superior Court to sell its natural health products (NHP) business to Jamieson Laboratories Ltd., Toronto, Ontario, Canada, and made an order transferring the assets related to the NHP business to Jamieson Laboratories free and clear of the claims of PanGeo Pharma’s creditors. As part of the transaction, Jamieson Laboratories will acquire PanGeo Pharma’s Quest and Wampole branded vitamin and herbal lines. Jamieson has also committed to hiring 135 of PanGeo Pharma’s employees and will assume certain of PanGeo Pharma’s real property lease obligations.

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