Biorelease Acquires TheraMed Partners
US development-stage company Biorelease will acquire TheraMed Partners and spin off its blood substitute subsidiary to stockholders, the firm has announced.
Under the terms of the agreement, TheraMed management will receive a substantial interest in Biorelease so that it, together with the firm's existing management, will hold a controlling interest in Biorelease.
TheraMed will oversee the operation of Biorelease prior to closing of the deal, subject to the direction of the current Biorelease management.
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