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AlphaRx approves Alpha AP to purchase up to 10% of its stock
By Jennifer Chiou
New York, July 14 - AlphaRx Inc. announced its board has authorized subsidiary Alpha AP Inc. to buy up to 10% of its outstanding common stock, according to an 8-K filing with the Securities and Exchange Commission.
Markham, Ont.-based AlphaRx said Alpha AP will buy the stock open-market purchases.
AlphaRx is a biopharmaceutical company focused on the clinical development of arthritis drug Indaflex.
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