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DARA BioSciences wins stockholder's approval of merger with and into Midatech.

M2 EQUITYBITES-December 3, 2015-DARA BioSciences wins stockholder's approval of merger with and into Midatech

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DARA BioSciences (NasdaqCM:DARA) reported on Wednesday the receipt of stockholders' approval for the adoption of the merger agreement by and among DARA, Midatech Pharma PLC (Midatech) and certain other parties thereto.

Following completion of the planned merger agreement, DARA will become a wholly owned subsidiary of Midatech.

The merger remains subject to customary closing conditions and is expected to close in the next week.

Located in Raleigh, North Carolina, DARA BioSciences Inc is an oncology supportive care pharmaceutical company dedicated to providing healthcare professionals a synergistic portfolio of medicines to help cancer patients adhere to their therapy and manage side effects arising from their cancer treatments. DARA holds exclusive US marketing rights to Gelclair oral rinse gel, Oravig (miconazole) buccal tablets and Soltamox (tamoxifen citrate oral liquid solution).

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Publication:M2 EquityBites (EQB)
Date:Dec 3, 2015
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