SAN FRANCISCO - March 5, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has been retained as capital markets advisor to Pharmagen, Inc. ("Pharmagen") (PHRX). In this capacity, Merriman will advise Pharmagen management on various strategic initiatives focused on increasing shareholder value. These initiatives include the effective engagement of a potentially broader institutional shareholder base, strategies intended to increase trading liquidity and evaluating various opportunities, including assessments of their trading patterns and opportunities to pursue other venues, such as NYSE, NASDAQ and the OTCQX. Pharmagen produces sterile injectables and has wholesale distribution capabilities to which allow the Company to quickly supply shortage prone markets. Pharmagen also develops over-the-counter nutraceutical products, which are designed to be taken in conjunction with prescription medications to alleviate side effects without drug interaction. "We are very pleased to add Pharmagen to our rapidly expanding universe of corporate advisory clients,"said Douglas Rogers, Managing Director of Merriman`s Capital Markets Advisory Group. "Supporting our clients with corporate brokerage and strategic advisory services relating to their capital structure, market engagement practices and overall public markets strategy efforts are the central themes of our advisory platform at Merriman. We … Continue reading
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