Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

Lorem Vascular Pays $531 Million for Rights to Cytori Stem Cell System in China

publication date: Nov 6, 2013
Lorem Vascular, a brand new Australian company, will pay as much as $531 million to license southeast Asian rights to a stem cell therapy system from Cytori Therapeutics of San Diego. Lorem will pay $31 million upfront by buying 8 million Cytori shares at $3 each and placing a $7 million order for initial supplies. Thereafter, Lorem will pay a $10 million milestone every time it books $50 million in additional sales, until the maximum royalty of $500 million is reached. The rights cover therapeutic use of the Cytori Cell Therapy in China, Hong Kong, Malaysia, Singapore and Australia. More details....

Stock Symbol: (NSDQ: CYTX)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

Upcoming Events

ChinaBio® Partnering Forum
September 10–11, 2024 | Shanghai, China
Register here

BIO-Europe®
November 4–6, 2024 | Stockholm, Sweden
Save €900 before September 13!
Register here

Biotech Showcase™
January 13–15, 2025 | San Francisco, CA
Save $600 before September 27!
Other Relevant Events

Antibody Engineering & Therapeutics Asia
October 21–23, 2024 | Kyoto, Japan
Save 30% with code CHINABIO30!
Register here