A BRISTOL TENNESSEE PHARMACEUTICALS COMPANY IS SELLING OFF ONE OF ITS MANUFACTURING PLANTS IN MICHIGAN. KING PHARMACEUTICALS ANNOUNCED THE FACILITY WILL BE SOLD TO NEW JERSEY BASED, JHP PHARMACEUTICALS LLC FOR 90 MILLION DOLLARS. KING OFFICIALS BELIEVE THE MOVE WILL CREATE A GREATER OPERATING EFFICENCY FOR THE COMPANY. KING’S CHIEF TECHNICAL OPERATIONS OFFICER ERIC BRUCE SAID IMPORTANTLY, THE TRANSACTION WILL ENABLE THE COMPANY TO REDEPLOY ITS CURRENT INVESTMENTS TO RESEARCH AND DEVELOPMENT AND BUSINESS DEVELOPMENT INITIATIVES.