High noon Laboratories Limited’s dissemination of material information
Karachi: In accordance with the requirement of the listing regulations/ Code of Corporate Governance, please be informed that:
The Company hitherto was manufacturing and marketing certain products under license from Solvay Pharmaceuticals Marketing and Licensing AG. Solvay was acquired globally by Abbott Laboratories. Pursuant to the said acquisition, the parties through mutual agreement, subject to the approval of Ministry of Health, have entered into a new business arrangement whereby the Company will continue to manufacture the products, whereas the sale and marketing of such products shall be done by Abbott Laboratories (Pakistan) Limited.
This information has been disseminated for information of all concerned.
For more information, contact:
Khadim Hussain Mirza
Highnoon Laboratories Limited
17.5 Kilometer, Multan Road,
Lahore – 53700 (Pakistan)
P.O. Box: 3318, Gulberg,
UAN: +9242 111 000 465
Fax: +9242 37510037