Rockeby withdraws from bird flu MOU with Asian country
Australian-listed, Singapore-based health care firm Rockeby biomed has withdrawn from a non-binding memorandum of understanding for its test for the H5N1 strain of avian influenza with an undisclosed Southeast Asian country as the nation has yet to make any payment to the company. The firm has assured its shareholders that it will not make any financial loss by withdrawing from the arrangement.
Rockeby says it has so far received orders worth $230,000 for its test. The firm has delivered supplies of the product to countries throughout Southeast Asia, Europe and North Africa.
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