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Jomed struggles as bankruptcy looms

This article was originally published in Clinica

Executive Summary

Jomed, which is listed on the Swiss stock market but headquartered in the Netherlands, is facing possible bankruptcy after its creditors refused to sign a joint standstill agreement. The company's outlook has taken a rapid turn for the worse since it admitted discrepancies in its accounting earlier this month (see Clinica No 1041, p 9).

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