Peptonic Medical AB closes its Israeli subsidiary
Peptonic Medical AB ("Peptonic") today announces its decision to discontinue its Israeli subsidiary, a contract manufacturing organization (CMO) specializing in self-diagnostic tests. The decision will result in significant cost savings. Acquired in 2021 alongside the U.S.-based company Common Sense Marketing Inc. ("Common Sense"), the Israeli manufacturing organization has encountered profitability challenges and increasing operational complexities in Israel. Going forward, Peptonic plans to partner with an external contract manufacturer, while retaining Common Sense as a strategic asset to