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A Spanish subsidiary of pharmaceutical company 4D Pharma has been acquired out of administration, safeguarding 40 jobs, but 30 employees in Leeds, Aberdeen and Cork have been made redundant.
Administrators said it had not been possible to to sell the group solvently
Investegate announcements from 4d Pharma PLC, Publication of Joint Administrators' Proposals
Investegate announcements from 4d Pharma PLC, Update on Suspension of Trading
4D pharma plc (AIM: DDDD, Nasdaq: LBPS), a pharmaceutical company leading the development of Live Biotherapeutic products (LBPs), a novel class of drug derived from the microbiome, provides an update