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Mauna Kea Technologies and Tasly Pharmaceutical Group have incorporated a joint venture, Tasly Mauna Kea Medical Engineering Technology Co. Ltd., based in Zhejiang province, China. The JV will commercialize Cellvizio in China and develop a neurosurgical platform worldwide.
Mauna Kea Technologies and Tasly Pharmaceuticals formed a joint venture to develop, manufacture and commercialize Cellvizio in China and globally for neurology and neurosurgery. Mauna Kea will receive $10 million in cash, a 44.1% equity stake, and a 5-year purchase commitment.