JOHANNESBURG (Reuters) - Shares of South Africa's Cipla Medpro tumbled 10 percent at the start of trade on Thursday after the drug maker said it had suspended its chief executive.
Cipla said in a statement late on Wednesday it had suspended Jerome Smith pending an investigation into "serious allegations" which it did not disclose.
Separately, Cipla on Thursday reported a 31 percent increase in first-half earnings.
Shares of the company were down 9.4 percent at 7.50 rand.
Source: http://news.yahoo.com/africas-cipla-medpro-tumbles-ceo-suspension-083334877--finance.html
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