Heidelberg (pta033/24.09.2020/16:15) - Heidelberg, Germany, and Cambridge, United Kingdom, 24 September 2020 4basebio AG (formerly Expedeon AG) (Frankfurt: 4BSB; ISIN: DE000A2YN801; Prime Standard) announces its subsidiary 4basebio Limited has agreed heads of terms with a view to investing up to Eur5m in the development and commercialisation of a non-viral gene therapy delivery platform. If the transaction is concluded on the proposed terms, 4basebio will hold a 50% economic stake in the venture and become its exclusive supplier of DNA products.
Subject to contract and due diligence, the initial binding commitment will be for 4basebio to invest Eur2m, with the remaining investment discretionary. The transaction is expected to close before the end of the year.
For further information please contact:
Dr Heikki Lanckriet
T: +44 1223 873 364
Dr. Robert Mayer
phone: +49 171 3876540
Waldhofer Str. 102
|contact person:||Robert Mayer|
|phone:||+49 171 3876540|
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