This article was originally published in The Tan Sheet
Paid $16 mil. to Sterling Winthrop for the right to market the pHisoDerm brand in the U.S., Canada and Puerto Rico. The acquisition was announced June 20 ("The Tan Sheet" June 27, p. 7). Chattem also agreed to pay Sterling an additional $1 mil. if U.S. sales of pHisoDerm exceed $10 mil. from July 1, 1994 through June 30, 1995 and another $1 mil. in each of the two succeeding 12-month periods if sales go over $11 mil. Total annual sales of pHisoDerm in the areas covered by the agreement currently exceed $10 mil
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