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Trading Alert Reports about Abbott (NYSE: ABT).

Publication: M2 Presswire
Publication Date: 07-JAN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-7 January 2009-StockPicking.com: Trading Alert Reports about Abbott (NYSE: ABT)(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:07012009

Abbott Labs (NYSE: ABT) and Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced that Abbott has completed its purchase of Ibis Biosciences, Inc., an Isis subsidiary, for a closing purchase price of $175 million. In addition to the closing purchase price, Isis will receive earn-out payments from Abbott tied to post-closing sales of Ibis systems, including instruments and assay kits. Previously, Abbott invested $40 million in Ibis in exchange for approximately 18.6% of Ibis' outstanding...

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