Stirling quits Halcion

November 24, 2010

HEALTHCARE group Stirling Products has terminated its interest in acquiring Halcion’s pathology subsidiary, telling investors that the move follows proposed changes in the deal’s structure by Halcion owners Global Trading Strategies. Stirling said as a consequence it was now finalising other funding arrangements, with a US$10m capital raising for its TeleMedCare interests currently “attracting a high level of interest in New York”. In response to an ASX query about its ongoing funding, Stirling said it expects to announce further details offinancing within 14 days, with cash flow expected to increase significantly as its pharmaceutical plant in Cape Breton, Canada commences operation in the coming months.

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Pharmacy DailyPharmacy Daily | Stirling quits Halcion

Stirling quits Halcion

Other recent headlines

Prescribing endorsement consultation opens

Call for embedded rural pharmacist pilot

MTick: Behind the menopause ‘one-stop shop’

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES