Tasly Pharmaceutical Group has received People's Republic of China governmental approvals of Overseas Direct Investment from Tianjin Commission of Commerce and Tianjin Development and Reform Commission to enter into an investment agreement as well as a development and collaboration agreement with Mesoblast Ltd (MSB) to commercialize cell therapies for cardiovascular diseases in China. Under the terms of the agreements with Tasly, on closing Mesoblast will receive US$40 million, comprising a US$20 million upfront technology access fee and US$20 million for equity in Mesoblast purchased by Tasly at AUD$1.86 per share.
http://crweworld.com/article/news-p...n-transaction-with-tasly-pharmaceutical-group
Tasly Pharmaceutical Group has received People's Republic of...
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