Sigma Pharmaceuticals
Encyclopedia
Sigma Pharmaceuticals Limited is a company listed on the Australian Stock Exchange
that produces over-the-counter drugs and prescription medicine.
- initially due to a profit warning. Since then, allegations of accounting irregularities and preferential deals negotiated with certain pharmacy chains (at the expense of smaller independent chemists) that left Sigma losing money at the expense of their own Amcal and Guardian Pharmacies banners and forsaking cashflow have emerged.
As of 26 March 2010, Sigma shares remain on a trading halt on the ASX pending the release of 2009 financial year results. As of 7 May 2010, Sigma shares are no longer in trading halt but continue to perform poorly regardless of general market conditions.
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
that produces over-the-counter drugs and prescription medicine.
2010 trading halt
As of the end of February 2010, Sigma shares have been in a trading halt on the Australian Stock ExchangeAustralian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
- initially due to a profit warning. Since then, allegations of accounting irregularities and preferential deals negotiated with certain pharmacy chains (at the expense of smaller independent chemists) that left Sigma losing money at the expense of their own Amcal and Guardian Pharmacies banners and forsaking cashflow have emerged.
As of 26 March 2010, Sigma shares remain on a trading halt on the ASX pending the release of 2009 financial year results. As of 7 May 2010, Sigma shares are no longer in trading halt but continue to perform poorly regardless of general market conditions.