Cancer research firm's job losses

MNLPharma Limited, of Penrhyncoch, near Aberystwyth, specialised in applying modern science to herbal remedies.

It has also made nine people redundant at a research centre in Reading, Berkshire.

The firm's work has included discovering compounds in plants that have anti-viral and anti-cancer properties.

Administrators Price Waterhouse Coopers said it had been appointed "to manage its affairs, business and property as its agents".

In March, MNLPharma won a £1.5m grant over three years from the Department of Trade and Industry to carry out vaccination tests in partnership with a Cambridge company.

The company MNL was formed in 1999 as a spin-off from the Institute of Grassland and Environmental Research (IGER) in Aberystwyth.

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