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Asbis buys a 16% stake in Promed Bioscience for 0.8 mln euros

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Asbis buys a 16% stake in Promed Bioscience for 0.8 mln euros
Source: Pixabay

IT company Asbis acquired a 16% stake in a Cypriot biotechnology company Promed Bioscience for 800,000 euros. Promed Bioscience develops advanced collagen biomaterials for research and clinical applications.

The funds will be used to expand the company's production capacity, and…

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