Medical Developments International (ASX:MVP) share price on watch after trading update

The Medical Developments International Ltd (ASX: MVP) share price will be on watch on Friday following the release of an update after the market close.

What did Medical Developments International announce?

This afternoon Medical Developments International provided an update in relation to its Penthrox European Union (EU) transition activities and current trading conditions.

In respect to the former, the transition arrangements for taking back the distribution rights from Mundipharma in the EU are progressing to plan.

According to the release, progress to date includes the establishment of an EU based legal and corporate structure, contracting of pharmacovigilance and regulatory related service providers, and securing operational…