Oxford Biomedica Drops Charges

11 May 1997

- UK company Oxford Biomedica has dropped legal proceedings againsttwo underwriters, Stockton Trading and private investor Kaj Kjellquist which pulled out of its flotation last year, reports the Financial Times. Stockton Trading will now buy 125,000 shares at 88 pence ($1.43) for an underwriting fee, while Mr Kjellquist is facing bankruptcy.

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