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Gloria Pharma Invests $40 Million in Proteus Digital Health

Feb. 23, 2016

Feb. 23, 2016: China-based Gloria Pharma and US-based Proteus Digital Health have announced on the closing of an investment agreement, according to which Gloria will invest a total of $40 million in Proteus, which has developed a remote patient monitoring device. According to the terms of the agreement, Gloria will also have an exclusive 18-month option to form a JV with Proteus in China.