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Convincing analysts and fund managers that a stock is worth supporting is a hard enough job at the best of times. It's even more difficult when the sector remains something of a mystery. Nasdaq-listed biotech developer, Ethical Holdings, found that out to its cost a few months ago when it tried to persuade UK investors to back its proposed £20 mn London float. A lack of interest from brokers and fund managers forced Ethical to pull the flotation and abandon a linked £14 mn acquisition.
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