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Grand Pharma joint venture invests $7.5M in Conavi Medical · Endata

◂ Announcements

Medical Devicesworld trade 2024+5.1% 5Y CAGR

Nov 15, 2017INVESTMENTCanada

Grand Pharma joint venture invests $7.5M in Conavi Medical

A joint venture of Grand Pharmaceutical (via China Grand Enterprise) subscribed for approximately 1.0431 million preferred shares of Conavi Medical Inc for about $7.5 million. The joint venture also obtained exclusive distribution rights for Conavi's Foresight ICE and Novasight Hybrid products in Greater China for 20 years.

Value

$7.50M

Status

Announced

ProductsForesight ICE seriesNovasight Hybrid series

CompaniesGrand Pharmaceutical Group Conavi Medical Inc target

Sectors#Medical Devices

“根据认购协议，合营公司将累计认购约104.31万股Conavi的优先股，代价约750万美元。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com远大医药(00512)合营入股加拿大医疗器械公司获2个系列产品区域独家代理权Nov 15, 2017

Summarized from public sources; check the original articles before acting on it.

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Nov 13, 2017PARTNERSHIPHong Kong, Hong Kong SAR China$15.0M
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