Appointment of Adviser
17 6월 2009 - 11:36PM
RNS Non-Regulatory
TIDMPYN
Phynova Group PLC
17 June 2009
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17 June 2009
Phynova Group plc
("Phynova" or "the Company")
Appointment of adviser
The Company announces that earlier today London & Pacific Healthcare, Inc.
released an announcement which made reference to Phynova and City & Westminster
Corporate Finance LLP ("C&W"), the text of which is set out below. The Company
has retained C&W to advise on financial and strategic alternatives for
development, acquisition targets and growth.
"London & Pacific Healthcare Retained by London Firm to Develop Premier
Botanical Medicines and Functional Foods Strategy
EL SEGUNDO, CA - June 16, 2009 - LONDON & PACIFIC HEALTHCARE, INC. (PINK SHEETS:
LDPH) (FRANKFURT: EGU) ("London & Pacific" or the "Company"), the international
healthcare development specialist, today announced it has been retained by
London-based corporate finance advisor, City & Westminster Corporate Finance LLP
("C&W"), to provide specialized advisory services.
London & Pacific will provide strategic development and advisory services to C&W
in regards to the consolidation of functional foods and botanical medicines on a
global scale. C&W will be advising Phynova Group PLC ("Phynova"), a leading
expert in botanical pharmaceutical development, on its financial and strategic
alternatives for development, acquisition targets and growth. Phynova is a
public company listed on both the AIM and PLUS markets of the London Stock
Exchange, as well as the US OTCQX market.
"The worldwide growth potential of the functional foods and botanical medicine
markets is remarkable," commented Stuart Bruck, Executive Chairman of London &
Pacific. "We are delighted for this opportunity to provide strategic development
advisory services to C&W and its client. Botanical health and functional foods
have long been a part of mainstream healthcare in certain international markets,
and are just beginning to hit their stride in Western healthcare markets. There
is an enormous amount of market potential worldwide, and I am most pleased to
have this 'ground floor' opportunity."
About London & Pacific Healthcare, Inc.:
With offices in Los Angeles, London and Mumbai, London & Pacific Healthcare,
Inc. is a specialist in the development, management of healthcare companies and
organizations, worldwide. The Company's website address
is www.lphealthcare.com.
About City & Westminster Corporate Finance, LLP:
City & Westminster Corporate Finance, LLP is an independent corporate finance
and business advisory firm and corporate adviser on PLUS Markets, wholly owned
by its members and authorized and regulated by the Financial Services Authority
in the United Kingdom. C&W's website address is www.city-westminster.com."
For further information, please contact:
+--------------------------------------------+----------------------------+
| Phynova Group PLC | +44 (0) 1993 880700 |
+--------------------------------------------+----------------------------+
| Steve Harris (Non-Executive Chairman) | |
+--------------------------------------------+----------------------------+
| Robert Miller (Chief Executive Officer) | |
+--------------------------------------------+----------------------------+
| | |
+--------------------------------------------+----------------------------+
Notes to Editors:
About Phynova
Phynova is a UK company developing new prescription pharmaceuticals derived from
plants used in Chinese medicines. The Company is focused on viral and bacterial
diseases, metabolic diseases and cancer. Phynova's lead product for hepatitis C
has now completed a Phase I/II trial in the US. One further product, for
post-operative ileus, is targeted for entry to the clinic and there are a
further four products in preclinical development.
For further information please visit www.phynova.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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