Brief: Anpac Bio Announces Equity Investment From Keystone Capital Partners For Up To $7 Million

Fresh2

01/10/2020 12:44

Oct 1 (Reuters) - AnPac Bio-Medical Science Co Ltd  ANPC.O :
    * ANPAC BIO ANNOUNCES EQUITY INVESTMENT FROM KEYSTONE
CAPITAL
PARTNERS FOR UP TO $7 MILLION
    * ANPAC BIO-MEDICAL SCIENCE CO LTD - ENTERED INTO AGREEMENT
WITH
KEYSTONE CAPITAL PARTNERS FOR A PREFERRED STOCK INVESTMENT OF
US$7.0 MILLION
    * ANPAC BIO-MEDICAL - INVESTMENT PROVIDES CO WITH ADDITIONAL
ACCESS TO GROWTH CAPITAL TO EXPAND OPERATIONS IN CHINA, CONTINUE
TO COMMERCIALIZE IN U.S.
    * ANPAC BIO-MEDICAL - INTENDS TO USE FUNDING PROCEEDS TO
ADVANCE
ITS CDA TECHNOLOGY TO PROVIDE COST-EFFECTIVE EARLY-DETECTION
CANCER SCREENING, TESTING

Source text for Eikon:  ID:nGNX86GCkW 
Further company coverage:  ANPC.O 

 ((Reuters.Briefs@thomsonreuters.com;))