AFT to defend PBL Solutions lawsuit

Staff reporters
Fri, 05 Jun 2020

AFT Pharmaceuticals will vigorously defend a claim by joint venture partner PBL Solutions that the Kiwi firm breached its contract in the development of the Pascomer topical treatment. PBL filed proceedings in the New Zealand High Court against AFT and managing director Hartley Atkinson, seeking an account of AFT’s present and future profits from Pascomer, or yet to be quantified damages. AFT owns 65 percent of AFT Orphan Pharmaceuticals, and PBL owns the balance. AFT said it’s spent more than $5.6 million developing the d...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.