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news.Dynamic Health Products has filed its articles of merger with the Florida Secretary of State and notified Nasdaq of its merger with GeoPharma.
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Additionally, Dynamic has repaid Laurus Master Fund, approximately $5.9 million in full satisfaction of all obligations to Laurus.
Mandeep Taneja, president and CEO, said: “It was a pleasure working with Laurus over the last few years. Their support gave us the flexibility, room, and capital required to help increase our revenue from approximately $16 million in our fiscal year ending in March of 2005 to approximately $56.8 million in our fiscal year ending in March of 2007.”