Angel Biotech biomanufacturing news

Angel Biotechnology appointed Blair Nimmo and Gary Fraser of KPMG LLP as administrators after the termination of discussions with pharmaceutical company OOO NPF Materia Medica Holding (Moscow, Russia) to form a 40/60 JV, AB Biotechnology Ltd. Last month, the company had said the company's future was dependent on the completion of the deal, as well as the completion of a deal with a consortium of overseas development and marketing companies on a deal to better develop Angel's contract manufacturing business (see BioCentury, Feb 4). ...