A British biotech start-up backed by Snoop Dogg has unveiled plans to ditch the “turbulent” London stock market, dealing a fresh blow to the beleaguered exchange. Oxford Cannabinoid Technologies said it was delisting from London following a “continuous, irrational and regressive pressure” on its share price. The company claimed it would be much better valued as a private company.
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Pharma major Cipla on Wednesday said that the United States Food and Drug Administration (USFDA) conducted a routine inspection at its manufacturing facility in Maharashtra which concluded on May 8. The US health regulator conducted the inspection as a routine current Good Manufacturing Practices (cGMP) at Cipla’s manufacturing unit in Maharashtra’s Kurkumbh from April 29 to May 8.
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FRANKFURT: German commercial property prices fell 9.6% in the first three months of 2024 compared with a year earlier, the VDP banking association said on Wednesday, as the nation's struggling property industry suffers its worst crisis in decades. The continuing decline in values of commercial real estate follows a 10.2% drop for all of 2023.
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