March 30 (Reuters) - Suda Pharmaceuticals Ltd SUD.AX :
* COMPANY HAS PLACED ARTIMIST PROGRAM ON HOLD INDEFINITELY
* WILL NO LONGER COMMIT RESOURCES TO PROJECT AND ALL STEPS IN SEEKING TO OBTAIN REGULATORY APPROVAL WILL COME TO AN END
* TO CONTINUE TO HOLD TALKS WITH POTENTIAL PARTNERS FOR SALE OF ARTIMIST
* DECISION TO PLACE ARTIMIST PROGRAM ON HOLD INDEFINITELY WILL NOT IMPACT OPERATIONS OF COMPANY MOVING FORWARD