Brief: Veru Announces The Sale Of The FC2 Female Condom Business

Veru

31/12/2024 13:34

Dec 31 (Reuters) - Veru Inc  VERU.O :
    * VERU ANNOUNCES THE SALE OF THE FC2 FEMALE CONDOM®
(INTERNAL
CONDOM) BUSINESS
    * VERU INC - SELLS FC2 FEMALE CONDOM BUSINESS FOR $18
MILLION
    * VERU INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 90% AFTER
FC2
SALE
    * VERU INC - EXPECTS $12.5 MILLION PROCEEDS AFTER DEDUCTIONS
FROM
FC2 SALE

Source text:  ID:nGNX9h4k80 
Further company coverage:  VERU.O 

 ((Reuters.Briefs@thomsonreuters.com;))