AEterna Zentaris Sells Quebec City Building for $7.1 million

Attention Business/Financial Editors All amounts are in U.S. dollars QU?BEC CITY, June 27 /CNW Telbec/ - AEterna Zentaris Inc. (NASDAQ: AEZS; TSX: AEZ;), a global biopharmaceutical company focused on endocrine therapy and oncology, today announced it has completed the sale of its Quebec City property for a purchase price of $7.1 million, payable in cash. AEterna Zentaris also entered into a long-term lease agreement enabling the Company to continue occupying its current space for its Quebec City operations. Juergen Ernst, Chairman and Interim President and CEO of AEterna Zentaris stated, "We are very pleased to have completed the sale of our Quebec City property. This is in line with our corporate strategy which includes divesting non-core assets to provide additional non-dilutive financing. The funds will be dedicated to our... [read full story]