Golden Meditech Raises $40 Million for Medical Device JV

Golden Meditech Holdings Limited raised $40 million in private equity for its medical device business, which centers on autologous blood recovery systems. The capital will fund a joint venture established earlier this year between Fenwal Inc. and Golden Meditech’s subsidiary, Beijing Jingjing Medical Equipment Co., Ltd. The JV will add production lines with the new capital. More details.... Stock Symbols: (HKEX: 801)