Brief: Peptonic Medical Says Co Closes Its Israeli Subsidiary

Peptonic Medical AB

12/11/2024 18:32

Nov 12 (Reuters) - Peptonic Medical AB  PMED.TE :
    * PEPTONIC MEDICAL AB CLOSES ITS ISRAELI SUBSIDIARY
    * PEPTONIC MEDICAL AB - DECISION WILL RESULT IN SIGNIFICANT
COST
SAVINGS
    * PEPTONIC MEDICAL AB: CLOSING MANUFACTURING UNIT WILL LEAD
TO
SIGNIFICANT COST SAVINGS STARTING IN Q1 OF 2025
    * PEPTONIC MEDICAL AB - CLOSURE OF SUBSIDIARY IS EXPECTED TO
HAVE
A MINOR NEGATIVE IMPACT ON PEPTONIC'S RESULTS
    * PEPTONIC MEDICAL AB - AN EXTERNAL CONTRACT MANUFACTURER IS
NOW
INTENDED TO BE CONTRACTED FOR PRODUCTION OF ITS SELF-DIAGNOSTIC
TESTS
    * PEPTONIC MEDICAL AB - PEPTONIC WILL RETAIN KEY ASSETS FROM
ACQUISITION, INCLUDING U.S.-BASED COMMON SENSE

Source text:  ID:nWkr57ZlCD 
Further company coverage:  PMED.TE 

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