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China’s ASK Buys 5 Percent Stake In New Zealand’s Living Cell Tech

This article was originally published in PharmAsia News

Executive Summary

China's Jiangsu Aosaikang Pharmaceutical (ASK) bought a 5 percent stake in New Zealand's Living Cell Technologies

China's Jiangsu Aosaikang Pharmaceutical (ASK) bought a 5 percent stake in New Zealand's Living Cell Technologies.

The New Zealand company implants pig tissues into diabetics to enhance insulin production. The deal with the Chinese company, a private drug-research firm, also gives ASK control of the LCT technology in China. For its part, LCT plans to use the U.S $2.2 million investment to take Diabecell through additional development and clinical trials. (Click here for more)

"China Buys Into NZ Diabetes Technology" - New Zealand Herald (2/1/11)

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