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Fero Industries to Acquire Pyro Pharmaceuticals, Inc.'s Enzyme Identification Methodology under Definitive Agreement.

Publication: Biotech Week
Publication Date: 04-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fero Industries, Inc. (OTCBB: FROI) (the "Company") is pleased to announce that it is acquiring Pyro Pharmaceuticals, Inc.'s patented enzyme identification methodology through its pending acquisition of Pyro Pharmaceuticals. As previously announced, Fero has initiated the process of acquiring Pyro Pharmaceuticals, Inc. through an exchange of Pyro's capital stock for shares of the Company's common stock, with Fero remaining as the parent entity and Pyro as a subsidiary. The acquisition of Pyro is expected to close by November 30, 2009 (see also Fero Industries, Inc.).

Alan M. Schechter, Chairman and CEO, stated, "Pyro's enzyme identification methodology has the potential to provide a new and promising way of...

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