Althea must be cashflow positive “very soon”, its chief executive has said, as he admitted competitive pressures has made life in the sector “hugely tough”.

As the company nears the end of a cost-cutting restructure, Josh Fegan claimed the glut of products in the market was making it harder for pharma-driven companies to make their mark.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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