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Cordlife Faces License Suspension Over Regulatory Non-Compliance

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Cordlife Faces License Suspension Over Regulatory Non-Compliance

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Cordlife Group ( (SG:P8A) ) just unveiled an update.

Cordlife Group Limited has received a notice from the Ministry of Health (MOH) regarding the suspension of its cord blood banking service license for one year due to non-compliance with healthcare regulations. The non-compliance issues include deficiencies in quality management, operations continuity, and risk assessment, among others. The suspension and required corrective actions could impact the company’s operations and its position in the healthcare industry.

More about Cordlife Group

Cordlife Group Limited is a company registered in Singapore, operating in the healthcare industry with a focus on cord blood banking services and human tissue banking.

Average Trading Volume: 49,757

Technical Sentiment Signal: Sell

Current Market Cap: S$54.89M

For a thorough assessment of P8A stock, go to TipRanks’ Stock Analysis page.

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