Monday, 25 June 2007

UPDATE 1-Star Scientific may spinoff tobacco, looks at drugs

(Reuters) - Star Scientific, whose products include hard, dissolvable tobacco products under the Ariva and Stonewall brands, saw its shares plummet in January after an adverse ruling in a patent lawsuit it is fighting against Reynolds American Inc.'s R.J. Reynolds Tobacco unit.




The stock, which traded above $7 a share a little more than two years ago, closed Friday at 87 cents on Nasdaq.


Read more at Reuters.com Mergers News

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