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MTIA In-licenses China Rights to Innovative Glucose Monitoring System

publication date: Dec 11, 2013
Medical Technologies Innovation Asia (MTIA) of Hong Kong in-licensed China rights to a non-invasive, wireless continuous glucose monitoring system developed by Echo Therapeutics, a Pennsylvania medical device company. MTIA will manufacture, develop and market the Symphony® CGM System, making a $5 million equity investment in Echo for the rights. At the same time, Echo raised an additional $5 million from affiliates of Platinum Partners, an existing investor that wanted Echo to make a China deal. More details....

Stock Symbol: (NSDQ: ECTE)

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