Yes there's no doubt Dr Melrose lost a bucket of money in the decline of Chemeq.
https://www.theaustralian.com.au/bu...e/news-story/0d32cb8eeaf06518a40036d8512b4d83
Dr Melrose resigned as CEO in August 2005 and ceased acting in any Executive capacity in September 2005;
He ceased acting as Chairman in January 2006 but remained as a non-executive director until retiring from the company in August 2006.
Ruling in the case brought by ASIC against Chemeq for breach of continuous disclosure rules:
https://iknow.cch.com.au/document/a...-009-135-264-v-chemeq-limited-acn-009-135-264
Korda Metha were appointed administrators in September 2007 and the company eventually went into receivership.
Ann: USA Patent Granted for Recce's Antibiotics, page-26
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