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MEDICAL DEVELOPMENTS INTERNATIONAL LIMITED (ASX: MVP)
Medical Developments International Ltd today announced that it has discontinued the preparation of clinical trials for Penthrox in China.
This follows extended delays to the anticipated timeline for clinical trial outcomes and consequently the commercial launch of Penthrox in the market, primarily due to the challenging regulatory environment and COVID restrictions.
We are directing our resources into those projects that have greater capacity to generate shareholder value in the nearer term.