Diamedica gets $4m for China push
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
The deal will involve Hermed buying 20 million shares in the Canada-listed company at C$0.26 apiece, a transaction which values the group at about $23 million. Diamedica stock was last trading at C$0.28....
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