Trendlines, B Braun team up to invest in healthcare incubator
Singapore
SINGAPORE-LISTED Israeli medical and agricultural tech incubator Trendlines Group and German medical device manufacturer B Braun are joining forces for a platform to invest in and incubate early-stage healthcare companies with a focus on Singapore and the region.
The two parties have signed a memorandum of understanding to jointly invest in recently-incorporated Trendlines Medical Singapore (TMS). The investment amount was not disclosed but Thursday's announcement said B Braun would be a minority shareholder. Subject to the signing of a definitive agreement, both parties will appoint members to the TMS board of directors and investment committee.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards