Genesis Research calls off proposed merger with Mariposa Health

Wed, 18 Jul 2012

July 19 (BusinessDesk) - Genesis Research and Development has called off its proposed merger with Australia-based Mariposa Health. “Both parties have worked diligently to advance the proposal but it has become apparent that the merger as originally contemplated is unlikely to proceed,” Genesis said. On Jan. 12, the company announced a memorandum of understanding to merge with Australia-based Mariposa Health which is an unlisted public pharmaceutical development company. Genesis' statement to NZX gave no reasons for the merger's failure. Gen...

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