Redx rescue deal in the works
The administrators of drug discovery and development company Redx have said they are working on a rescue deal to return control of the company to its directors.
Redx's shares were suddenly suspended on AIM last month, when Jason Baker and Miles Needham of FRP Advisory were appointed as joint administrators.
They were called in by Liverpool City Council following an ongoing dispute over a £2m loan that matured at the end of March.
The administrators have today said that they are working with the company's advisers on proposal... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
