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Jilin Aodong Defers Investment in Vital Therapies

publication date: Dec 15, 2011
Jilin Aodong Medicine (吉林敖东药业集团股份有限公司) has put a hold on its $25 million investment in Vital Therapies, a US medical device maker, pending SFDA approval of Vital Therapies’ Extracorporeal Liver Assist Device (ELAD). In May, Jilin Aodong paid $2 million for a 5% stake in Vital Therapies. The deal included a provision for an additional $25 million investment after six months, contingent on SFDA approval of the ELAD, which hasn’t taken place. More details....

Stock Symbol: (SHE: 000623)     Share this with colleagues:  

 


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