MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Biocompatibles UK Ltd / BTG Plc
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BTG to Invest in Chinese Medical Isotope Diagnosis and Treatment Company Chengdu New Radiomedicine Technology - BTG International Asia Limited announced that it has agreed to invest RMB 76million (approximately USD 11million) in the Chinese medical isotope diagnosis and treatment company Chengdu New Radiomedicine Technology Co., Ltd (“CNRT”) - BTGplc.com
BTG to Invest in Chinese Medical Isotope Diagnosis and Treatment Company Chengdu New Radiomedicine Technology

 

NewswireToday - /newswire/ - Philadelphia, PA, United States, 2019/07/16 - BTG International Asia Limited announced that it has agreed to invest RMB 76million (approximately USD 11million) in the Chinese medical isotope diagnosis and treatment company Chengdu New Radiomedicine Technology Co., Ltd (“CNRT”) - BTGplc.com. LSE: BTG

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Pharma / BioTech / Nutrition Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

BTG International Asia Limited, a subsidiary of BTG plc announced today that it has agreed to invest RMB 76million (approximately USD 11million) in the Chinese medical isotope diagnosis and treatment company Chengdu New Radiomedicine Technology Co., Ltd. (“CNRT”). This investment will comprise a share subscription of ten per cent stake in CNRT. The transaction positions BTG with an emerging leader in radiopharmaceuticals in China and provides BTG with a unique position from which to explore further collaboration with CNRT for the regulatory approval, production and commercialization of BTG’s TheraSphere®, as well as CNRT’s own emerging radio-active microsphere portfolio.

“Today’s announcement advances BTG’s mission to bring innovative, minimally invasive radiation therapies to cancer patients in China. After an extensive evaluation, we believe that CNRT is a uniquely qualified collaboration partner for BTG in China, including in expediting the introduction of TheraSphere® to the Chinese market. Together we aim to develop innovative therapeutic nuclear medicines to effectively address unmet patient needs and improve lives in what is likely to become one of the world’s most important markets for interventional oncology,” said Louise Makin, Chief Executive of BTG.

“We have long-admired BTG’s innovative technology in interventional oncology that helps cancer patients live longer and in more comfort. We are very pleased to receive this investment from BTG, which reflects a recognition of what we have achieved. With BTG as a shareholder of CNRT, we look forward to collaborating to bring more treatment options to Chinese patients and physicians, including TheraSphere®, and to working together on the development of other innovative therapeutic radiopharmaceuticals, which will ultimately benefit cancer patients in China and worldwide,” said Jiming Cai, Chairman and CEO of CNRT.

Transaction & Closing
The investment will be funded from cash on hand. The transaction is expected to close in the second half of calendar year 2019, subject to the completion of regulatory filings and registration formalities.

BTG was advised by Vermilion Partners on the transaction.

About BTG

BTG (btgplc.com) is a global healthcare company focused on Interventional Medicine. Our innovative medical technology helps physicians treat their patients through minimally invasive procedures. We have a growing portfolio of products that advance the treatment of cancer and vascular conditions. BTG’s Pharmaceuticals business provides products that help patients overexposed to certain medications or toxins. BTG’s history traces back to 1948 when the National Research Development Corporation was established by the British government to commercialise publicly funded research. Today, BTG is a business that operates worldwide and employs over 1,700 people.

About CNRT

CNRT is a high-tech company specializing in the R&D and industrialization of radioactive medicines. The business covers R&D, production and sale of medical isotopes for diagnosis and treatments, demonstration research of diagnosis and treatments for multiple cancer diseases, as well as the provision of nuclear medicine technology services and consulting services. CNRT is based in Chengdu, Sichuan, and employs over 90 people.

Contacts:
Andy Burrows, VP Corporate & Investor Relations
P: +44(0)20 7575 1741/ M: +44(0)79 9053 0605

Ben Atwell / Simon Conway - FTI Consulting
P: +44(0)20 3727 1000

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Pharma / BioTech / Nutrition Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Biocompatibles UK Ltd / BTG Plc

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 

 
  Your Banner Ad showing on ALL
Pharma / BioTech / Nutrition articles,
CATCH Visitors via Your Competitors Announcements!


BTG to Invest in Chinese Medical Isotope Diagnosis and Treatment Company Chengdu New Radiomedicine Technology

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Chris Sampson - BTGplc.com 
+44(0)20 7575 1595 / +44(0)77 7325 1178 (mobile) chris.sampson[.]btgplc.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Biocompatibles UK Ltd / BTG Plc securities in any jurisdiction including any other companies listed or named in this release.

Pharma / BioTech / Nutrition via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Biocompatibles UK Ltd / BTG Plc / Company Profile


Read Pharma / BioTech / Nutrition Most Recent Related Newswires:

BASF Launches Hepacor in Switzerland for the Dietary Management of Non-Alcoholic Fatty Liver Disease
FDA Grants Priority Review to Genentech’s Risdiplam for Spinal Muscular Atrophy
Ipsen Presents New Analyses Utilizing Modern Data Mining Approaches At ISPOR Europe 2019
Global Opioids Drugs Market is Projected to Grow At a CAGR of 2.52% by 2027 Reports Inkwood Research
Global Bio-Based Chemicals Market Projected to Grow At a CAGR of 16.67% by 2027 Finds Inkwood Research
The Global Animal Nutrition Market Projected to Grow At a CAGR of 5.94% by 2027 Finds Inkwood Research
FDA Approves Genentech’s Rozlytrek (entrectinib) for People With ROS1-Positive, Metastatic Non-small Cell Lung Cancer
Genentech Announces Positive Results for First Global Phase III Study Investigating One-dose XOFLUZA (Baloxavir Marboxil) in Children With the Flu
Debiopharm and Ipsen Extend Their Strategic Decapeptyl® (triptorelin) Partnership for Another 15 Years
GE Healthcare and World Courier Collaborate to Drive Commercialization of Cell and Gene Therapies
Nektium Pharma Commended by Frost & Sullivan for Introducing Zynamite® - A Novel Natural Extract with Ergogenic and Nootropic Properties
Trial Finds Patients Receiving CroFab® Antivenom Less Likely To Use Opioids for Pain Control
Pharmaceutical and Biotech Sectors to Drive Investments in the Asia-Pacific Healthcare Industry Finds Frost & Sullivan
ZAGENO Earns Acclaim from Frost & Sullivan for its Unifying Digital Life Sciences Platform
Veeva Vault CDMS Selected for Vivozon’s VVZ-149 Studies

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  Inkwood Research





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)