December 18, 2017 / 7:41 AM / 6 months ago

BRIEF-Chordate And Nanos Medical Signs Letter Of Intent For Joint Venture Agreement Regarding China

Dec 18 (Reuters) - Chordate Medical Holding Publ Ab :

* CHORDATE AND NANOS MEDICAL SIGNS A LETTER OF INTENT FOR A JOINT VENTURE AGREEMENT REGARDING CHINA

* ‍ASSESSMENT IS THAT A FINAL AGREEMENT WILL BE CONCLUDED BEFORE END OF Q1 OF 2018

* ‍ASSESSMENT IS THAT SALES CAN COMMENCE WITHIN 2-3 YEARS​

* - ‍NANOS MEDICAL WILL OWN 67 PERCENT AFTER INVESTING MUSD 1.5 IN JOINT VENTURE, WHILE CHORDATE FOR ITS 33 PERCENT STAKE ADDS LICENSE​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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