Metronic Global, Medigen end plan for vaccine distribution

Covid-19 test underway in KL recently. Metronic Global had in November announced a financial forecast of RM180mil profit from Covid-19 vaccine.

KUALA LUMPUR: Metronic Global Bhd and Medigen Vaccine Biologics Corp (MVC) have terminated their proposal for the exclusive distribution of the latter's Covid-19 vaccine.

Metronic Global said in a statement to Bursa on Tuesday both parties had on Dec 31 mutually agreement to terminate the memorandum of agreement with immediate effect.