Malaysia: A-BIO backs $5.1m strategic investment in Ain Medicare

A-BIO Sdn Bhd has entered into a strategic collaboration through an RM20 million ($5.1 million) investment in Ain Medicare Sdn Bhd that will see it venture into the manufacturing of higher value bio-based products.

A-BIO, which is led by Dr Norida Abdul Rahman, is an investment company that was established by the Malaysian government in 2009 to foster high-growth enterprises in Malaysia, with a focus on biotechnology and other emerging technology domains.

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