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Grand Pharma invests $12M in CoRISMA for heart failure device rights · Endata

◂ Announcements

Medical Devicesworld trade 2024+5.1% 5Y CAGR

Aug 5, 2021PARTNERSHIP

Grand Pharma invests $12M in CoRISMA for heart failure device rights

Grand Pharmaceutical Group (远大医药) has entered a strategic partnership with CoRISMA MCS Systems, investing $12 million for a 22.2% stake and exclusive rights to develop and commercialize CoRISMA's heart failure treatment systems in Greater China and several Southeast Asian countries.

Value

$12.0M

Status

Announced

Productsheart failure treatment systems (CoRISMA series)

CompaniesGrand Pharmaceutical Group investor CoRISMA MCS Systems, Inc partner

Sectors#Medical Devices

“该集团将以1200万美元为代价取得CoRISMA约22.2%的股权，后续会进一步投入以获得治疗心力衰竭的创新医疗器械CoRISMA系列产品在大中华区的独家开发、生产及商业化权益。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com远大医药(00512)与耶鲁大学孵化企业CoRISMA合作引进全球创新先进心衰治疗系统Aug 5, 2021

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

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Nov 15, 2017INVESTMENTCanada$7.50M
Grand Pharma joint venture invests $7.5M in Conavi Medical
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Nov 13, 2017PARTNERSHIPHong Kong, Hong Kong SAR China$15.0M
Grand Pharma and Donghai Capital to form joint venture for cardiovascular medical devices
Grand Pharmaceutical Group partner Donghai Capital partner beta.zhitongcaijing.com

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