Beijing Tinavi Medical Gains China Rights To Spineway's Spinal Devices
11/23/2016 1:45:14 PM
Beijing Tinavi Medical Technologies in-licensed China rights to spinal implants and surgical devices made by Spineway of Lyon, France. Tinavi made a $1.5 million investment in Spineway for five-year exclusive distribution rights, giving them a 9% stake in Spineway. The shares also have warrants attached that would raise Tinavi's ownership in Spineway to 17% in exchange for an additional $1.7 million. Tinavi markets a robotic surgical device, Phecda™, in China that is used for trauma and spine surgeries.
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