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Merrion Pharmaceuticals announces liquidation plan – The Sunday Business Post

Company could have around 4.5m to distribute to shareholders

The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders.

Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year, Merrion became an investment company with a focus on the healthcare sector.

In a statement today, however, Merrion said its board had looked at a number of investment proposals, none of which were thought “sufficiently compelling” to recommend to shareholders.

The board said a statutory declaration of solvency for the company indicate…

Read the full article at: https://www.businesspost.ie/merrion-pharmaceuticals-announces-liquidation-plan/

Category: LiquidationBy Insolvency GuardianAugust 23, 2016

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Merrion Pharmaceuticals announces liquidation plan – The Sunday Business Post

Company could have around 4.5m to distribute to shareholders

The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders.

Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year, Merrion became an investment company with a focus on the healthcare sector.

In a statement today, however, Merrion said its board had looked at a number of investment proposals, none of which were thought “sufficiently compelling” to recommend to shareholders.

The board said a statutory declaration of solvency for the company indicate…

Read the full article at: http://www.businesspost.ie/merrion-pharmaceuticals-announces-liquidation-plan/

Category: LiquidationBy Insolvency GuardianAugust 22, 2016

Post navigation

PreviousPrevious post:Student debt “relief” companies are still a plague – CBS NewsNextNext post:Jail for man who stole to pay off gambling debt ‘in fear of his life’ – Retford Times

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Christchurch restaurant may owe IRD hundreds of thousands
May 10, 2025
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May 10, 2025
Aussie brides await delivery of gowns as luxury bridal brand enters administration – The Border Mail
May 10, 2025
Whatcom Roundup: Downtown shop closing; Rite Aid bankruptcy; Joann liquidation sale – Bellingham Herald
May 10, 2025
Scottish Institute goes into liquidation
May 10, 2025
Silver Airways Nears Liquidation, But Gets Lifeline Through June
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