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Biohit Forms China JV for Diagnostic Test

publication date: Jun 25, 2013
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Biohit Oyj, a Finnish diagnostics company, and Anhui Wisdom-Win Investment Co. will establish a JV to make and sell Biohit’s GastroPanel kits to the China market. GastroPanel is a non-invasive test for low levels of acid in the stomach. The disorder can be caused by H. pylori infection or dysfunction of the stomach mucosa (atrophic gastritis). Wisdom-Win will invest 20 million RMB ($3.2 million) for 60% ownership of the JV, while Biohit Oyj’s technology, valued at 13 million RMB, will earn it a 40% stake. More details....

Stock Symbol: (HEL: BIOBV)

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