Midatech Survival Plan Scuppered By Shareholders

Investors Unconvinced About Proposed Bioasis Merger

The UK firm's shareholders have not approved plans to acquire Bioasis, a decision that puts Midatech in a tricky situation as its cash will run out by mid-March.

Sand running through the bulbs of an hourglass measuring the passing time in a countdown to a deadline, on a dark background with copy space.
Time running out for Midatech • Source: Shutterstock

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