Syntropharma Limited (SC279236): administration
- Status
- Administration ended
- Administration began
- 2020-07-10
- Administrators
- Duncan Andrew Christopher Raggett
- Administrators' firm
- Aab Business & Tax Advisory
- Formerly
- Nine Hill Street Limited
- Incorporated
- 2005-02-01
- Location
- Aberdeen
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
- Brexit
From the administrators' statement
2.1, Company history and trading position
The Company was incorporated on 1 February 2005 and was a medical research and development Company trading from premises at Tweed Horizons Business Centre, Newtown St Boswells, TD6 0SG.
The Company’s main product was an anti-depressant patch developed in tandem with Amarin. Whilst Amarin hold the IP for the patch, under the terms of the development deal, the Company owns the exclusive world-wide rights to the patch. The Company set up a number of sub-licencing and distribution agreements and generated income from the commission payable on the sales made by their partners. lee .
Administrators' statement of proposals (2020-09-02) · Companies House register