Global asset manager Fidelity International invested $5.2 million in Cynata Therapeutics, an Australian stem cell and regenerative medicine company, Business Insider Australia reports.
Here are three things to know.
1. This brings Fidelity's holdings in Cynata to about 10 percent.
2. Fidelity will get 4 million shares at $1.28 each, a 4.5 percent premium to Cynata's closing price May 25.
3. Cynata's proprietary Cymerus stem cell platform technology enables the company to manufacture mesenchymal stem cells on a commercial scale.
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