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LecTec

This article was originally published in The Tan Sheet

Executive Summary

Minnetonka, Minn. firm to "aggressively execute" OTC topical drug delivery strategy following $7.2 mil. cash deal to sell its diagnostic electrode and electrically conductive adhesive hydrogel business to Tyco Healthcare subsidiary The Ludlow Company, the firm announces Nov. 21. The sale "represents a significant step in our re-invention process," LecTec says. The deal is expected to close in January
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