Agis Industries takes 19.9% stake in Israel's Meditor Pharmaceuticals
Agis Industries has invested about $2 million, via equity andconvertible stock, to purchase a 19.9% stake in Meditor Pharmaceuticals and also has an option to increase its future holding in the firm to about 25%. Meditor is an Israeli company involved in the development of unique drugs in the area of cardiovascular medicine and neurology. Agis has also acquired the remaining minority interests in its subsidiary Clay Park Labs in the USA, thus acquiring full control of the latter.
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