Sirtex Medical Suspends from Official Quotation

Sirtex Medical Limited (ASX: SRX) is an Australian Company which supplies approved cancer treatments globally. Sirtex has many manufacturing facilities across the United States, Germany as well as Singapore. Targeted radioactive treatment for live cancer called SIR-Spheres Y-90 resin microspheres is Sirtex’s main commercialized product. This treatment uses micro-particle technology to treat liver cancer. Evidently this treatment is also having capability of improving life expectancy of patients. 

As at close of trading on September 13, 2018, Sirtex Medical’s securities stand suspended from quotation on ASX. This is in accordance with the listing rule 17.2; and as per the rule ASX may at any time suspend an entity’s security. Primarily, a scheme of arrangement under which Grand Pharma Sphere Pty Ltd, China Grand Pharmaceutical along with Healthcare Holdings Limited are acquiring the issued shares of Sirtex, has been approved by the Australian Securities and Investment Commission.

SRX shares traded at $33.550 as on 13 September 2018.

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