(Source: Taxus Cardium Pharmaceuticals Group Inc) SAN DIEGO, July 11, 2016 /PRNewswire/ -- Angionetics Inc., a wholly-owned subsidiary of Taxus Cardium Pharmaceuticals Group Inc. (Trading Symbol: CRXM), today announced that, an entity affiliated with Huapont Life Sciences has entered into an agreement covering a $3,000,000 private equity investment, to acquire a 15% preferred stock equity stake in Angionetics. This investment is intended to support the Generx® [Ad5FGF-4] Phase 3 clinical and commercialization development program and to advance Angionetics' business plan to operate independent of Taxus Cardium. Under the agreement, the Angionetics private preferred stock equity investment...
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