Pharmacyclics ends stockholder rights plan

By Elaine Rigoli

Tampa, Fla., Aug. 11 - Pharmacyclics, Inc.'s board of directors has approved the termination of the company's stockholder rights plan, commonly referred to as a "poison pill," which was originally scheduled to expire April 30, 2007.

The amended plan will now expire Aug. 18, effectively terminating the plan as of that date.

Pharmacyclics is a pharmaceutical company located in Sunnyvale, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.