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S.Africa's Cipla Medpro tumbles on CEO suspension

August 16, 2012 Comments Off on S.Africa's Cipla Medpro tumbles on CEO suspension

August 16, 2012, 10:40 am

JOHANNESBURG (Reuters) – Shares of South Africa’s Cipla Medpro tumbled 10 percent at the start of trade on Thursday after the drug maker said it had suspended its chief executive.
Cipla said in a statement late on Wednesday it had suspended Jerome Smith pending an i…

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