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See Latest ArticlesNabi Biopharmaceuticals Announces Withdrawal of Biotests Indemnification Claim
Nabi Biopharmaceuticals, 06/02/09
Nabi Biopharmaceuticals announced that Biotest Pharmaceuticals Corporation has withdrawn and released a claim representing $50.4 million of the original $56 million indemnification claims made on March 2009 against Nabi, and together with Nabi has instructed the escrow agent to release $4.5 million of the funds held in escrow to support indemnification claims. The withdrawn claim related to a contract assigned to Biotest when it purchased our biologics business unit in 2007.
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