BioMotiv partners with London-based Arix Bioscience

Story excerpt provided by Crain’s Cleveland Business.

London-based Arix Bioscience Limited announced it will provide up to $25 million in capital to BioMotiv LLC to support the Shaker Heights-based firm’s drug development efforts.

As part of what’s being described as a strategic partnership, Arix Bioscience will have the opportunity to co-invest and spin-out project companies from BioMotiv. It will also nominate a member of its management team to serve on BioMotiv’s advisory board. In a news release, Arix Bioscience said it “sources, finances and develops businesses addressing medical innovation at all stages of development.”

Click here to read the complete article.

Originally published April 18, 2016.

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