Brief: Tech Invest Group says Kvarko invests in production of vaccines against Gram-negative bacteria

Erato Energy SA

17/11/2017 06:52

Nov 17 (Reuters) - TECH INVEST GROUP  SA  TIGP.WA : 
    * SAID ON THURSDAY THAT ITS 33 PERCENT-OWNED AFFILIATE, 
KVARKO SP. 
Z O O., SIGNED AN AGREEMENT TO INVEST IN A PROJECT ON PRODUCTION 
OF LPS VACCINES DIRECTED AGAINST GRAM-NEGATIVE BACTERIA 
    * THE PROJECT WILL BE CARRIED OUT WITH PARTNERS BY A COMPANY 
BIOVETIKA SP. Z O.O., IN WHICH KVARKO WILL GET A 31.98 PERCENT 
STAKE FOR A CONTRIBUTION OF 0.2 MILLION ZLOTYS 
    * BIOVETIKA WILL RECEIVE A GRANT OF 0.8 MILLION ZLOTYS AND 
WILL 
ACQUIRE A TOTAL OF 1 MILLION ZLOTYS FOR THE DEVELOPMENT OF THE 
PROJECT 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMrnWtLa 
     
 Further company coverage:  TIGP.WA   
    
 
 
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