INFORUM.com | WDAZ.com

WDAY: The News Leader

Published August 21, 2013, 06:00 PM

PRACS complex sold to pharmaceutical company

Fargo, ND (WDAY TV) - There is a new owner for some of the PRACS buildings in southwest Fargo.

By: WDAY Staff Reports, WDAY

Fargo, ND (WDAY TV) - There is a new owner for some of the PRACS buildings in southwest Fargo.

PRACS closed abruptly last March, leaving hundreds without work and dozens of study participants without payment. A bankruptcy trustee in Texas told us this afternoon that Novum Pharmaceutical on the east coast was the winning bidder at the auction, with a bid of $12.5 million. The sale involved part of the PRACS complex.

Fargo based Aldevron, a medical research company, was also bidding on the buildings. Closing on the sale of the real estate and personal property should close in just days.

Tags: