Brief: Cordlife Group Says Receipt Of Notice From Ministry Of Health

Cordlife

30/11/2023 15:13

Nov 30 (Reuters) - Cordlife Group Ltd  CORD.SI :
    * RECEIPT OF NOTICE FROM MINISTRY OF HEALTH
    * NOTICE TO STOP, FOR 6M, COLLECTION, TESTING, AMONG OTHERS
ANY
NEW CORD BLOOD & HUMAN TISSUES, OR PROVIDE ANY NEW TYPES OF
TESTS TO PATIENTS
    * DETECTED 7 OF CRYOGENIC STORAGE TANKS BASED IN SINGAPORE
EXPOSED
TO TEMPERATURES OUTSIDE OF NORMAL TEMPERATURE RANGE FROM NOV
2020 TO DATE
    * CO IS IN PROCESS OF CONTACTING ALL CLIENTS THAT HAVE
STORED CORD
BLOOD IN ITS SINGAPORE FACILITY
    * MOH NOTIFIED CO THAT IT HAS FOUND CERTAIN PROCESS LAPSES
RELATING TO TEMPERATURE MONITORING SYSTEM, AMONG OTHERS
    * DUE TO UNCERTAINTY OF OUTCOME OF ONGOING INVESTIGATIONS,
CO IS
UNABLE TO ASSESS FINANCIAL IMPACT ON FINANCIAL PERFORMANCE OF
GROUP FOR FY23

Source text for Eikon:  ID:nSN3MTzlD 
Further company coverage:  CORD.SI 

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