Despite an order book worth £10m Cobra Biomanufacturing's ability to continue as a going concern remains dependent on thecompany delivering contract signatures and converting these contracts into revenue and cash receipts. The company said trading conditions have resulted in a delay in the achievement of some contract signatures. Cobra has completed a successful cGMP audit by the UK Medicines and Healthcare Products Regulatory Agency (MHRA) at its facility based at Keele.
Small Cap News
Tuesday 1 September 2009
Cobra struggles with cash; passes MHRA inspection
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