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Arana sells animal health division

Arana Therapeutics has finally divested its animal health division, which specializes in fertility control products, after nearly 18 months on the market. Peptech Animal Health has been bought by Parma Corporation, a private business headed by a former Peptech executive, for an undisclosed amount. Arana, headquartered in Australia, says the move should improve its cash flow by Aus$2m-Aus$3m ($1.8m-$2.7m) annually.



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