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Bionutrics, PMB Agreement

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By: Sean Moloughney

Editor, Nutraceuticals World

Phoenix, AZ-based Bionutrics has en­tered into a stock purchase agreement with Pharmaceutical Marketing Brands (PMB), Woodbridge, NJ. The sale of stock is subject to the terms and conditions to closing, which will require PMB or its designees to purchase a 49% interest in the company for $5 million and receive options for five million shares at $1.00 per share.

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