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York Pharma appoints administrators

York Pharma has reported that it has appointed administrators, Leonard Curtis

York Pharma has reported that it has appointed administrators, Leonard Curtis. The company's shares have been in suspension since March 31.

A spokesperson for the company said: "York has been actively pursuing alternative funding facilities in order to repay the loan and to enable it to meet its ongoing working capital requirements. Unfortunately these efforts have not been successful and the Board has concluded that any potential transactions which might have provided additional facilities could not be completed within the time available before exhaustion of the company's cash resources."

27th July 2009

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