Cyclacel Pharmaceuticals Dismisses Bush & Associates, Appoints SFAI as New Auditor Amid Financial Concerns
Reuters
Aug 28
Cyclacel Pharmaceuticals Dismisses Bush & Associates, Appoints SFAI as New Auditor Amid Financial Concerns
Cyclacel Pharmaceuticals Inc. announced a change in its independent registered public accounting firm. Effective August 22, 2025, the company's Audit Committee approved the dismissal of Bush & Associates CPA LLP, following the firm's advisory that Cyclacel does not currently have sufficient funds to complete its development and commercialization efforts, raising substantial doubt about the company's ability to continue operations. No disagreements were noted between Cyclacel and Bush regarding accounting principles or practices. The company has engaged SFAI Malaysia PLT as its new auditor, effective August 23, 2025. Cyclacel has authorized Bush to respond fully to SFAI's inquiries regarding the situation.
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