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AlliancePharma changes name to KDA Group

AlliancePharma Inc. shareholders approved a special resolution authorizing the company to change its name to KDA Group Inc.

The company's trading symbol becomes KDA as of Feb. 1.

The change reflects the diversification of the company's activities and will help prevent confusion between its business units, the company said in a news release.

Further, during the company's annual general and special meeting of shareholders held Jan. 25, six director nominees were elected to the board. The company also adopted an amendment to its status to allow the board to expand during the year.