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Hutchison MediPharma Raises $12.5 Million from Mitsui

publication date: Nov 8, 2010
Hutchison MediPharma, a subsidiary of Chi-Med, announced a $12.5 million investment from Mitsui & Co., which received convertible Preference Shares that convert into 12.2% of Hutchison MediPharma. The transaction implies a $100 million valuation for the company, which is the drug discovery arm of Chi-Med. MediPharma said the money would support its various drug development programs. More details....

Stock Symbol: (AIM: HCM)

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