Organization: MDS Proteomics

MDS aims to stem losses in MDS Proteomics

MDS Inc and MDS Proteomics (MDSP) are working to develop a new business plan and execute a financial reorganization for the troubled proteomics subsidiary. The moves will see MDS Inc’s holdings in MDSP decrease to less than 50% and its funded debt converted into equity. MDS will inject $15 million into MDSP in return for…