Paramount Acquisition Corporation - (PMQCU.OB)

Paramount Acquisition Corp., a development stage company, served as a vehicle to effect a merger, capital stock exchange, asset acquisition, or other business combination with an operating business in the healthcare industry. The company was formed in June 2005 and is based in the New York City.

Paramount Acquisition Corp. merged with Chem Rx in November 2007.  Founded more than 40 years ago, Chem Rx is a major, institutional pharmacy serving the New York City metropolitan area, as well as parts of New Jersey, upstate New York, and Pennsylvania.  Chem Rx's client base includes skilled nursing facilities and a wide range of other long-term care facilities.  Chem Rx provides prescription and non-prescription drugs, intravenous medication , durable medical equipment items and surgical supplies to more than 62,300 residents.