◂ Announcements

Jul 21, 2022ACQUISITIONUnited States

Promimic and Danco Medical form joint venture for US medical implant processing

Promimic, a portfolio company of Karolinska Development, formed a joint venture with Danco Medical called Nano Processing for processing medical implants in the US market. Promimic acquired 60% of the joint venture for USD 417,750 in cash and USD 1,350,000 in newly issued shares, completed on July 21, 2022.

Value

$1.77M

Status

Completed

ProductsHA nano Surface treatment for orthopedic and dental implants

CompaniesPromimic acquirer Danco Medical partner Nano Processing target

Sectors#Medical Devices

“Promimic's intensified collaboration with Danco Medical is a strategically important step for increased growth”globenewswire.com

1 source
globenewswire.comKarolinska Developments portfolio company Promimic andKarolinska Development AB (publJul 22, 2022

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

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