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Cook Group In Agreements With AVI

Last updated on Tuesday, March 14, 2006

BLOOMINGTON—Bloomington-based Cook Group has entered into agreements with AVI Biopharma to develop three products to treat vascular diseases.

Cook will take on all development costs which are expected to reach $100-million.

Cook will also purchase $5-million worth of AVI common stock and take over AVI's facilities and personnel in Colorado.

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