The consolidator trading as Meridian Freight Partners closes after 21 years
A proper account of an operation that existed, and of what closing it cost.
TheCompound Journal
Reporting on incretins, compounding & the peptide supply chain
Exits Dispatch
A proper account of an operation that existed, and of what closing it cost.
the online reseller trading as Adamant Research Supply has ceased trading after 8 years, ending an operation that at its largest employed a few dozen people and served, on its own account, several thousand patients a month. The closure follows the resolution of the shortage listing on which a substantial share of its volume depended, and was announced to customers by email with 29 days’ notice.
At its peak the operation ran two sterile suites, held a state licence in 8 jurisdictions, and published a catalogue of preparations that ran to several dozen items. Staff were given 29 days’ notice. The Journal has spoken to three former employees, none of whom would be quoted by name while severance discussions continued.
The administrators’ report records the principal liabilities as lease obligations on the facility, equipment finance, and customer deposits. Recovery for unsecured creditors is estimated at nil. The report is silent on what happens to the batch records, which is the question the Journal has asked.
Customer deposits held in a general operating account are the recurring feature of these administrations. It is lawful in most jurisdictions and it means that in a failure the customer is financing the wind-down. Readers who prepay should understand which of those they are doing.
"I had four weeks to move people who had been stable for a year," said Dr Sirichai Boonmee, peptide chemist, Chulalongkorn University. "Two of them are not on anything now."
"I had four weeks to move people who had been stable for a year," said Dr Éliane Casgrain, health economist, Université de Montréal. "Two of them are not on anything now."
The Journal has asked the administrators what will happen to the batch records and will publish the answer. Former employees who wish to speak to us can reach the standards desk; we do not publish names without consent.
the online reseller trading as Adamant Research Supply is not connected with any of the suppliers profiled in the Journal’s vendor dossiers.
A proper account of an operation that existed, and of what closing it cost.
Reported from the sessions, and from the two hours afterwards.
A proper account of an operation that existed, and of what closing it cost.
Efficacy was never the question in this appraisal. Duration of treatment was.
A proper account of an operation that existed, and of what closing it cost.
A proper account of an operation that existed, and of what closing it cost.