clock menu more-arrow no yes

Filed under:

Iomed board OKs exploration of possible sale transactions

Salt Lake-based Iomed Inc. said Thursday that its board of directors has directed its financial adviser "to explore strategies for maximizing shareholder value, including possible sale transactions involving the company or certain of its assets."

The adviser is Seven Hills Partners LLC.

The company also said it has settled a lawsuit against two former executives and others that alleged misappropriation of trade secrets, interference with economic relations and related claims. Terms were not disclosed.