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China Grand Pharmaceutical and Healthcare Holdings (GP (HK)) will acquire 22.2% equity in CoRISMA MCS Systems for $12 million, and obtain exclusive development, manufacturing and commercialization rights for CoRISMA's heart failure therapeutic system in Greater China and several Southeast Asian countries.
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.