Dec 31 (Reuters) - Veru Inc :
* VERU ANNOUNCES THE SALE OF THE FC2 FEMALE CONDOM® (INTERNAL CONDOM) BUSINESS
* VERU INC - SELLS FC2 FEMALE CONDOM BUSINESS FOR $18 MILLION
* VERU INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 90% AFTER FC2 SALE
* VERU INC - EXPECTS $12.5 MILLION PROCEEDS AFTER DEDUCTIONS FROM FC2 SALE
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