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...The decision has led to the resignation of Daryl Rees, Phytopharm’s chief executive, and Piers Morgan, the chief financial officer. Shares in Phytopharm fell 3¾p, or 42.8 per cent, to 5p....
...Daryl Rees, Phytopharm’s chief executive, says: “Their aim was to accelerate progress, but it was also effective in supporting us in going back to our shareholders …and raising £8.4m ($13.9m).”...
...“Regulators need to be convinced,” says Daryl Rees, Phytopharm’s chief executive. “We realised that – quite rightly – there was no quick way of getting things through.”...
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