BioCentury
ARTICLE | Company News

Collagen Corp., Cohesion Corp. deal

June 3, 1996 7:00 AM UTC

CGEN will increase its ownership in Cohesion to 80 percent from 40 percent. The new $6.6 million investment includes the purchase of equity from existing stockholders and new funding. As part of the deal, Cohesion will repay certain loans made by CGEN. CGEN also agreed to provide up to $5 million of additional capital in the form of convertible debt. ...