Guided Therapeutics (OTC:GTHP) said it closed the sale of 4 million shares of stock to Chinese investors worth up to $775,000 as it eyes a distribution deal for its LuViva device in the People’s Republic.
Norcross, Ga.-based Guided Therapeutics said it inked a letter of intent to negotiate the exclusive distribution rights for LuViva in China. The device is designed to scan the cervix for chemical and structural indicators of pre-cancerous tissue.
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