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Hepalink takes 10% stake in ProMetic; companies sign R&D collaboration

Executive Summary

ProMetic Life Sciences Inc. (blood purification processes and drug candidates for various diseases) and heparin manufacturer Shenzhen Hepalink Pharmaceutical Co. Ltd. have established a joint R&D collaboration involving ProMetic's protein technologies. In addition, Hepalink is taking a 10.02% stake in ProMetic for $Cdn10mm ($9.6mm).
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
    • Synthesis Technologies, Production Processes
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • R&D and Marketing (Licensing)

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