3M buys mouth wash from Zila |
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Thu, 31 May 2007 23:35
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ST. PAUL, Minn. (AP) - Consumer products conglomerate 3M Co. said Thursday it has acquired a mouth wash from Zila Inc. for $9.5 million.Phoenix, Ariz.-based Zila, which also makes tests to detect oral cancer, agreed to sell 3M full rights to Peridex, which is prescribed to reduce redness and swelling of the gums caused by gingivitis. 3M's subsidiary, Omni Preventive Care, has sold Peridex to dentists since 2000.The acquisition will bolster 3M's line of dental products, the company said in a prepared statement.Shares of Zila Inc. rose one cent Thursday to $1.70 in after-hours trading, following an earlier close at $1.69, down 5 cents during the regular trading session while 3M Co. shares rose 3 cents to close at $87.96 for the day.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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