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Last Updated : Jul 12, 2013 08:51 AM IST | Source: Reuters

Elder Pharma board approves business restructuring

The board of drug maker Elder Pharmaceuticals approved the restructuring of the company's business by raising capital, hiving off assets or through strategic options to reduce debt.

 
 
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Drugmaker Elder Pharmaceuticals said on Thursday its board has approved restructuring of the company business by either raising capital, hiving off assets or through other strategic options to reduce debt.


The company would appoint advisers for this purpose, it said in a statement.



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First Published on Jul 11, 2013 07:46 pm