IBA to take stake in Malaysian firm

AuntMinnie.com staff writers
Oct 27, 2009

Radiopharmaceutical firm Ion Beam Applications (IBA) of Louvain-la-Neuve, Belgium, has entered into negotiations with Bio Molecular Industries to purchase a 35% stake in the Malaysian company.

Bio Molecular Industries, the biotechnology arm of Malaysia Steel Works (Masteel), aims to be a regional radiopharmaceutical production center, with an R&D facility in Asia.

Masteel's managing director and CEO, Datuk Seri Tai Hean Leng, said the agreement worth close to $2 million is expected to be concluded in about a month, according to a report on Bernama.com, the Malaysian News Agency Web site.

Related Reading

IBA, Aposense join forces, September 22, 2009

IBA takes cyclotron order, August 31, 2009

IBA partners with Advion BioSystems, August 10, 2009

IBA secures Italian installation, July 20, 2009

IBA inks pact with BV Cyclotron, June 1, 2009

Copyright © 2009 AuntMinnie.com

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