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BRIEF-Madenco Biosciences Announces Strategic Decision To Drop Consumer Health Products

Published 2018-07-20, 04:47 p/m
Updated 2018-07-20, 04:50 p/m
© Reuters.  BRIEF-Madenco Biosciences Announces Strategic Decision To Drop Consumer Health Products

July 20 (Reuters) - Quest Pharmatech Inc QPT.V :

* MADENCO BIOSCIENCES ANNOUNCES STRATEGIC DECISION TO DROP CONSUMER HEALTH PRODUCTS AND FOCUS ON PHARMACEUTICAL PRODUCT DEVELOPMENT

* MADENCO BIOSCIENCES SAYS WILL NO LONGER PROMOTE BELLUS SKIN LINE OF SKIN CARE PRODUCTS

* MADENCO BIOSCIENCES SAYS DETERMINED THAT CONSUMER HEALTH PRODUCTS ARE NOT PROVIDING RETURNS ON CAPITAL THAT CO EXPECTS

* MADENCO BIOSCIENCES SAYS ALSO NEGOTIATED A RETURN OF ITS PRINCIPAL INVESTMENT IN NATURAL RF LIFE SCIENCES

* MADENCO BIOSCIENCES - CONTINUES TO HAVE ABOUT 20% EQUITY INTEREST IN SOUTH KOREA BASED BIOCELTRAN

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