Brief: Fulgent Genetics Announces Incremental Strategic Investment In Chinese Joint Venture, Ff Gene Biotech

Fulgent Genetics

10/05/2021 13:02

May 10 (Reuters) - Fulgent Genetics Inc  FLGT.O :
    * FULGENT GENETICS ANNOUNCES INCREMENTAL STRATEGIC
INVESTMENT IN
CHINESE JOINT VENTURE, FF GENE BIOTECH
    * FULGENT GENETICS INC - INVESTMENT GIVES FULGENT
CONTROLLING
OWNERSHIP OF ITS CHINESE JOINT VENTURE ENTITY, FF GENE BIOTECH
    * FULGENT GENETICS INC - HAS MADE A CASH INVESTMENT OF
APPROXIMATELY $19.0 MILLION IN FF GENE BIOTECH
    * FULGENT GENETICS - WITH CONTROLLING INTEREST IN FF GENE
BIOTECH,
CO TO RECOGNIZE FINANCIAL IMPACT OF OPERATIONS OF JV WITHIN
CONSOLIDATED FINANCIAL RESULTS

Source text for Eikon:  ID:nBw3QVv68a 
Further company coverage:  FLGT.O 

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