Pfizer, Allergan terminate proposed merger

Pfizer and Allergan plc announced today that the merger agreement between the two companies has been terminated by mutual agreement.Pfizer said in a press release that the decision was based on actions announced by the U.S. Department of Treasury on April 4, “which the companies concluded qualified as an ‘Adverse Tax Law Change’ under the merger agreement.”

Pfizer, Allergan terminate proposed merger

Pfizer and Allergan plc announced today that the merger agreement between the two companies has been terminated by mutual agreement.Pfizer said in a press release that the decision was based on actions announced by the U.S. Department of Treasury on April 4, “which the companies concluded qualified as an ‘Adverse Tax Law Change’ under the merger agreement.”

NovaBay Pharmaceuticals Announces Agreement for Nearly $12 Million in Two-Tranche Private Placement

EMERYVILLE, Calif.–(BUSINESS WIRE)–NovaBay® Pharmaceuticals, Inc. (NYSE MKT: NBY) a biopharmaceutical company focusing on commercializing its Avenova® Lid and Lash Cleanser for the domestic eye care market, announces that it has entered into a securities purchase agreement for the sale of its common stock and warrants in a private placement to accredited investors for $11.791 million. The financing structure is a commitment by investors to participate in two tranches. The first tranche closin