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Morton Grove Pharmaceuticals sold to ex-Fujisawa USA President Tambi.

Executive Summary

MORTON GROVE PHARMACEUTICALS SOLD TO FORMER FUJISAWA USA PRESIDENT TAMBI and Chicago-based William Blair Capital Partners. In a transaction announced Dec. 12, Brian Tambi acquired Morton Grove Pharmaceuticals, Inc. from JVL, Inc., a holding company formed by Jack Van Hulst and William Lyons. Tambi will serve as MGP's chairman, president and CEO. He previously was an exec at Lyphomed when it was acquired by Fujisawa. He was appointed Fujisawa USA president in 1990 and joined Ivax in 1992 as president of its North American pharmaceutical business.
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