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Ivax

This article was originally published in The Tan Sheet

Executive Summary

Company has rethought its decision to acquire a 35% stake in the not-yet operational e-commerce site go2pharmacy.com, Ivax says July 7. The deal was announced June 17 (1"The Tan Sheet" June 21, p. 18). Ivax says during due diligence it found several issues that could not be resolved. Albuquerque, N.M.-based go2pharmacy.com is a "newly formed deep discount online retail pharmacy." An Ivax subsidiary was to have supplied the online retailer's generic pharmaceuticals
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