New subsidiary secures funding of just over USD 3 m ahead of potential IPO in Taiwan
NeuroVive has established a subsidiary in Taiwan, NeuroVive Pharmaceutical Asia, Inc., which has secured initial funding totaling USD 3,255 m. The funding is sourced from Taiwanese investors, collaboration partner Foundation Asia Pacific Ltd. and the parent company ahead of its potential IPO in Taiwan. The subsidiary strengthens the group’s presence in Asia and will be the driver behind existing project in the region, while conducting its own research and development operations under license from the parent company.As has already been communicated, NeuroVive is preparing a potential IPO of