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National Pharmaceutical To Take Over Vida Pharma

National Pharmaceutical has signed a letter of intent for the acquisition of 100% of the shares of Vida Pharma.

According to National Pharmaceutical, an acquisition agreement is to be entered into on or before May 12 and the transaction is expected to close on or before May 31, 2010.

Supported by research-based pharmaceutical member companies, National Pharmaceutical sponsors and conducts research and education projects showing how the appropriate use of pharmaceuticals improves both patient treatment and cost outcomes in the overall health care environment.

Veda Pharma is a full service private label contract manufacturer of nutritional supplements, vitamins, minerals, herbal products, specialty products and diet aides.

Additionally, Veda Pharma is an internationally recognised contract manufacturer which is currently serving North American and overseas clients.