July 20 (Reuters) - Quest Pharmatech Inc QPT.V :
* MADENCO BIOSCIENCES ANNOUNCES STRATEGIC DECISION TO DROP CONSUMER HEALTH PRODUCTS AND FOCUS ON PHARMACEUTICAL PRODUCT DEVELOPMENT
* MADENCO BIOSCIENCES SAYS WILL NO LONGER PROMOTE BELLUS SKIN LINE OF SKIN CARE PRODUCTS
* MADENCO BIOSCIENCES SAYS DETERMINED THAT CONSUMER HEALTH PRODUCTS ARE NOT PROVIDING RETURNS ON CAPITAL THAT CO EXPECTS
* MADENCO BIOSCIENCES SAYS ALSO NEGOTIATED A RETURN OF ITS PRINCIPAL INVESTMENT IN NATURAL RF LIFE SCIENCES
* MADENCO BIOSCIENCES - CONTINUES TO HAVE ABOUT 20% EQUITY INTEREST IN SOUTH KOREA BASED BIOCELTRAN