BusinessBusiness RecoveryAIM-listed Neuropharm lines up GT as liquidators

AIM-listed Neuropharm lines up GT as liquidators

Grant Thornton's Samantha Jane Keen and Ian Carr lined up for joint liquidators' role at Neuropharm

Neuropharm’s
directors are proposing to put the AIM-listed company into a members’ voluntary
liquidation.

The company wants to pay off its liabilities and return any left-over funds
to its shareholders.

Grant
Thornton’s
Samantha Jane Keen and Ian Carr would be appointed joint
liquidators under the proposal.

The company had failed to show through clinical trials that its treatment for
autistic disorder, NPL-2008, would improve patients’ health. Attempts to
continue its trials, or a sale of the business, fell through.

Further reading:

PwC:
UK corporate insolvencies levelling out

Sage
chief Walker to step down after 16 years

Pompey
administrator appoints CEO

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