Animal-rights Blow For Drugs Firm
10/19/2005 5:09:20 PM
Shares in British drugs firm Phytopharm have slumped by as much as 22%, as investors feared attacks from animal-rights militants. Canaccord Capital has quit as broker to the firm, after one of its bosses was the target of an incendiary device.
A website connected to the Animal Liberation Front (ALF) said activists planted the device in May.
Activists want Phytopharm to cut links with Huntingdon Life Sciences (HLS), a prominent target of their campaigns.
Research firm HLS moved its headquarters to the US in 2001 after a sometimes violent campaign against its staff and property in the UK.