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Shakeup In Neptune Wellness Executive Suite During Earnings And Share Price Washout

 
• By Malcolm Spicer

“In recent years, this stock has performed terribly,” Wright Investors analysts note after Neptune Wellness receives notification Nasdaq would delist its common shares because share price closed below $1 for 30 consecutive trading days. Firm puts “employees, including certain key executives, on mandatory unpaid leave of absence.”

• Source: Shutterstock

Neptune Wellness Solutions Inc.’s CEO recently stepped down after he was among “certain employees” the plant-based health and wellness consumer packaged goods manufacturer put on unpaid furlough in a “rapid cost-cutting and restructuring effort” after its latest quarterly net revenues dropped $3m.

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People On The Move: Appointments At Maxwellia, Nestlé, Alland & Robert

 
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All US FDA Product Centers May Merge Under Planned Agency Reorganization

 
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Trump’s US FDA Takeover Similar To Flat Earth Proponents Running NASA, Woodcock Says

 
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The former principal deputy commissioner said the “decapitation” of senior leadership will make resolving internal disputes more difficult, which will slow application reviews. Woodcock also called the FDA layoffs a slow-moving catastrophe.

Over The Counter: Evolving The UK Consumer Health Industry, With PAGB’s Michelle Riddalls

 
• By David Ridley

HBW Insight catches up with PAGB CEO Michelle Riddalls to chat about the association's new five year plan. Riddalls also reflects on the successes of the last five years, including relaunching the UK Reclassification Alliance, which has published a list of Rx-to-OTC switches the government would like to see applications for. Part one of two.

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European Commission’s Omnibus VII Bans Two Nail Care Ingredients Starting In September

 
• By Eileen Francis

Two nail care ingredients included in the European Commission’s Omnibus VII, which includes about two dozen ingredients overall, are banned in Europe in September.

People On The Move: Appointments At Maxwellia, Nestlé, Alland & Robert

 
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A round-up of the latest European health & wellness market moves: Maxwellia names chief operating officer; Nestle appoints marketing & sales head; Alland & Robert gets deputy general manager.

Good News? 90-Day Pause On Most Tariff Changes – Bad News? 125% Rate Imposed Against China

 
• By Malcolm Spicer

US businesses across industry sectors remain apprehensive about higher tariffs going into effect on imports from China after three-month pause allowed on other changes.