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  • It May Be 'China's Time' to Leapfrog Ahead in Biopharma  [View article]
    "In new deals announced this week, China Medical Technologies, Inc. (CMED) said it will sell its High Intensity Focused Ultrasound tumor therapy system business to Mr. Xiaodong Wu, China Medical's Chairman and CEO, for $53.5 million in cash (see story). The sale will complete the transformation of China Medical from its legacy HIFU business into a company built around IVD products, with two major product lines, FISH and ECLIA diagnostics. These product lines are growing more quickly than the HIFU machines subsidiary, and the products deliver much higher margins. The selling price seemed low, however, at just one time revenues."

    This is very fishy, conflict-of-interest stuff. I would stay away from this stock for a while.
    Dec 21 23:32 pm |Rating: +1 0 |Link to Comment
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