Weiguang Biological Products to Invest 40 Million Yuan in Cell Therapy Platform Joint Venture

MT Newswires Live

02/05

Shenzhen Weiguang Biological Products (SHE:002880) plans to invest 40 million yuan into a joint venture that will set up a cell and gene therapy platform, according to a Thursday disclosure on the Shenzhen bourse.

The venture, Shenzhen Xihe Life Science, will build the Shenzhen cell and gene therapy market-oriented public service platform.

Xihe Life Science will have a registered capital of 100 million yuan, with the blood products manufacturer holding 40% of its equity.

The other investors and owners of the venture are Shenzhen Shenye Biomedical Industry Development, Shenzhen Cell Valley Biomedical and Shenzhen Saiqiao Bio-Innovation Technology.

The company's shares closed over 3% lower.

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