Isofol And 4D - A Sorry Tale Of Two Battered Biotechs

Under The Shadow Of Liquidation

The fear of going out of business before getting a drug submitted to regulators is one that a couple of European biotechs have had to face up to this week.

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The news that Sweden's Isofol Medical AB is planning to go into liquidation and 4D Pharma Plc of the UK has just avoided a similar fate has again demonstrated that biotech in Europe can be a brutal business.

First up, Isofol is to call an extraordinary general meeting (EGM) to discuss paying a cash dividend and liquidating the...

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