Cnoga Medical raises USD50 mn from China's BOE
09-Mar-17, Globes
Chinese company BOE has invested USD50 mn in Israeli company Cnoga Medical for 23% of the company's shares. BOE is a Chinese laboratory equipment company that wants to establish itself as a leader in the medical sector.
%20Globes.jpg "Cnoga Medical raises USD50 mn from Chinas BOE (c) Globes")
Image: Globes
According to the BOE, Cnoga's product, developed by the company since 2004, and which facilitates medical monitoring and processing of information on the cloud, matches BOE's strategic plan. The deal also includes the signing of an agreement for joint marketing of Cnoga's products in China.
Cnoga has developed a series of devices for non-invasive measurement of a range of health parameters through optical diagnosis of the changing color shades of a finger. The company's products are unique in both the way the information is obtained and the way it is handled on the cloud.