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ABII » Topics » Chicago BioScience Mortgage

This excerpt taken from the ABII 8-K filed Nov 8, 2007.

Chicago BioScience Mortgage

In connection with the acquisition of a development and manufacturing facility in July 2004 by Chicago BioScience, LLC, New Abraxis’ wholly-owned subsidiary, New Abraxis obtained a $4.0 million mortgage due July 2005, which was secured by substantially all of the assets in the manufacturing facility and 65,000 shares of APP’s common stock held by New Abraxis. New Abraxis repaid this mortgage in full in June 2005.

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