Mettrum Health plans to further expand its growth and research profile through the acquisition of Apollo Applied Research.
According to the transaction, Apollo will become a wholly owned subsidiary of Mettrum and will function independently.
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The acquisition also enables Mettrum to develop more effective cannabis products.
Tonghua Golden Horse Pharmaceutical Industry has announced that it will acquire Lhasa medical materials firm for a purchase consideration of $1.6m.
Jafron Biomedical plans to acquire a 37.5% stake in an unrevealed biotechnology company based in Wuhan, China, for a purchase consideration of $4.37m.
The acquirer will further invest to own a 67% stake in the target company.
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