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:

Antibiotic Alternatives Stimulate New Product Development in Global Animal Feed Ingredient Market Finds Frost & Sullivan
Health Tech Company Hologram Sciences Launches Personalized Health & Nutrition Innovation with 0 Million Backing
DSM Acquires Flavor & Fragrance Bio-based Intermediates Business from Amyris
Ipsen Receives Positive CHMP Opinion Recommending Cabometyx® in Combination with Opdivo®
DSM and Industry Partners Launch Coalition to Close the Loop on Dyneema® - The World’s Strongest Fiber™
Pharmactive Earns Acclaim from Frost & Sullivan for Helping People Improve their Cognitive Functions with its Saffron-based Ingredient, Affron®
Tergus Lauded by Frost & Sullivan for its Full-spectrum CRO Services for Therapeutics in Dermatology
Sunquest Lauded by Frost & Sullivan for Driving Efficiency and Compliance with its Differentiated Molecular Laboratory Information Management System
DSM Launches Three Times Faster-acting Form of Vitamin D Supplement in Australia to Support Immune Health
Ipsen Announces New Data from the Phase II CLARINET FORTE Study
South Carolina-based IMCS Awarded Major NIH Research Grant
Preventive Healthcare Measures to Combat Obesity and Lifestyle Diseases Steer Demand for Nutritional Lipids Globally Finds Frost & Sullivan
Covance, LabCorp’s Drug Development Business, Acclaimed by Frost & Sullivan for its Unmatched Breadth of Services to Support Clinical Trials
Clariant Lauded by Frost & Sullivan for Addressing the Growing Customer Demand for Natural Anti-aging Active Ingredients with its Product, Prenylium®
Guardant Health AMEA Wins Frost & Sullivan’s Market Leadership Award for Liquid Biopsy in Precision Oncology in Asia, Middle East and Africa

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2021 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 proudly NOT affiliated with USA TODAY (usatoday.com)