BRIEF-Acerus Pharmaceuticals says First Generation to purchase about 51.4 mln shares of co

Fri May 13, 2016 9:26am EDT
 
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May 13 (Reuters) - Acerus Pharmaceuticals Corporation

* First Generation Capital Inc agreed to purchase an aggregate of 51.4 million common shares of Acerus Pharmaceuticals Corporation

* Ian Ihnatowycz says after closing of transaction, First Generation will own about 48.1 pct of outstanding common shares of Acerus Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)