Amphion Innovations Partner Kromer Launches IPO, Partner WellGen Receives Grant

LONDON (Alliance News) - Amphion Innovations PLC Wednesday said that its partner company Kromek ...

Alliance News 13 November, 2013 | 1:24PM
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LONDON (Alliance News) - Amphion Innovations PLC Wednesday said that its partner company Kromek Group PLC had launched its initial public offering on AIM.

After the placing Amphion holds a 11.6% stake in Kromek. Chief Executive Officer Richard Morgan is also the chief executive officer of Kromek.

In a separate statement the company announced that its partner company WellGen Inc. had been awarded a grant of USD293,244 by the National Institute of Health.

Amphion is a private equity firm focused on the development of medical and technology businesses. Its shares last traded at 4.45 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright © 2013 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Amphion Innovations PLC 3.50 GBX -3.45 -
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