InterMed Discovery Closes Equity Transaction Worth €7.44 M with Biotropics Malaysia Berhad
1/13/2009 3:36:46 PM
DORTMUND, Germany - (Business Wire) InterMed Discovery (IMD), an emerging world class natural product lead-discovery company, today announced the close of an equity transaction worth €7.44 million with Biotropics Malaysia Berhad. The round underlines the long-term Strategic Cooperation Agreement between the two Companies, which was announced in September 2008 as a combination of purchase and capital increase. In addition, the agreement solidifies a minority stake held by Biotropics in IMD.