Twinlab facility divested
This article was originally published in The Tan Sheet
Executive Summary
Sale of Health Factors International manufacturing facility to Anabolic Labs for roughly $2.1 mil. completed, Twinlab announces May 22. Twinlab plans to use proceeds "to reduce borrowings outstanding under its revolving credit facility." Tempe, Ariz. facility's sale was announced in April (1"The Tan Sheet" April 8, 2002, p. 14)...
You may also be interested in...
Twinlab Manufacturing Facility To Be Bought By Anabolic Labs
Anabolic Labs expects its acquisition of Twinlab's Health Factors International manufacturing facility to close by the beginning of May
News We’re Watching: AI Safety Partnership; Boston Scientific Recalls; New Cancer, STI Tests; VR
This week, the US and UK announced a partnership to promote AI safety. Boston Scientific recalls embolic agent. LumiCell received FDA approval for its imaging agent to detect residual cancer. Scout receives an award to develop an STI test; and Osso VR leverages the Apple Vision Pro for VR medical training.
Finance Watch: Canaan, Regeneron Reveal New Funds For Start-Ups
Private Company Edition: Regeneron launched a $500m venture fund and Canaan added $100m, bringing the venture firm’s recent total to $1bn-plus. Also, incubators plan to grow over the next decade and in recent financings Avenzo raised $150m and Nvelop launched with $100m.