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Safety Medical Of Australia Hits Trading Suspension Due To Losses

This article was originally published in PharmAsia News

Executive Summary

Australia's Safety Medical, which makes medical syringes as well as other devices, has been suspended for trading on the Australian Securities Exchange. Safety Medical group, which includes Safety Medical Products, makers of syringes, failed to get the financial support it had sought from banking institutions. At the same time, Safety Medical is seeking to buy a 40 percent stake in Hungarian drug maker Dispomedicor. (Click here for more
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