Outlook Positive For Pharmaniaga Despite Setbacks

Malaysian drugmaker and medicine distributor Pharmaniaga has had a turbulent start to 2010. Following the February release of financial results that BMI described as 'disappointing',[1] the company's manufacturing licence has been revoked by the Pharmaceutical Services Division of the Ministry of Health as of March 01. The firm's majority shareholder, UEM Group Berhad, has subsequently failed to deny claims that it plans to divest its interest in Pharmaniaga.

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