Zhongzhi Pharmaceutical Holdings Limited (HK:3737) has released an update.
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Zhongzhi Pharmaceutical Holdings Limited has made a strategic investment in GABAeron, a U.S.-based biopharmaceutical company, by purchasing 3 million Series A Preferred Stock valued at $3 million. This move aims to advance clinical trials for a groundbreaking Alzheimer’s treatment that uses stem cell technology to potentially reverse cognitive impairments. With over 30 years in the Chinese medicine industry, Zhongzhi’s investment marks a significant expansion into biopharmaceuticals, promising new hope for Alzheimer’s patients worldwide.
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