Pharmaniaga to focus on intensive recovery plan

Pharmaniaga said it will implement rigorous fiscal discipline initiatives across its operations and investments as part of its recovery plan.

PETALING JAYA: Pharmaniaga Bhd expects a well-executed turnaround despite the current challenges as it continues to focus on its strategic positioning and potential.

In a filing with Bursa Malaysia, the Practice Note 17-classified pharmaceutical group said it is preparing a comprehensive regulation plan to be submitted to Bursa Malaysia by the third quarter of 2023, and expects the initiative to be finalised by the first quarter of next year.