White knight : Takeda advance gives Advinus reprieve

Japanese drug maker Takeda has come to the rescue of the beleaguered  Advinus Therapeutics, a Tata group company, according to two persons familiar with the development.  Takeda has advanced in the region of $5mn (Rs 28 crore) to Advinus' drug discovery unit in Pune and will get the 'right of first look' at any resulting …

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Seven year itch? Tata group reviews investment in Advinus Therapeutics

The Tata group is reviewing its seven year-old investment in closely-held research and development company Advinus Therapeutics, according to three people familiar with the development.  The group is open to the idea of attracting strategic investors into the company and accepting significant equity dilution at the right valuation, these people said. "They are looking to …