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PAR — Paradigm Biopharmaceuticals News Story

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Brief: Paradigm Biopharmaceuticals Says Board Initiates Voluntary Administration

BRIEF-Paradigm Biopharmaceuticals Says Board Initiates Voluntary Administration

- Paradigm Biopharmaceuticals Ltd PAR.AX:

  • INITIATES VOLUNTARY ADMINISTRATION PROCESS

  • BOARD INTENDS TO DEVELOP PROPOSAL FOR DEED OF COMPANY ARRANGEMENT

  • SECURITIES REMAIN SUSPENDED FROM TRADING ON ASX DURING ADMINISTRATION

  • CLINICAL REVIEW AND RESTRUCTURING PROCESS EXPECTED TO TAKE AT LEAST EIGHT WEEKS

Further company coverage: PAR.AX


((Reuters.Briefs@thomsonreuters.com;))

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