Parent ICN to purchase up to 500,000 additional shares, or approximately 5%, of the ribavirin developer over the next 12 months. As of Aug. 31, ICN said it had 170,050 shares of Viratek stock remaining to be purchased under a 1 mil. share purchase program announced Aug. 4, 1987, ICN, which currently owns over 70% of Viratek, has also authorized the purchase of up to 3 mil. shares of its 17 mil. outstanding common shares over the next two years.
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