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Olympus takes share in the Medi-Tate medical device manufacturer
The Japanese Olympus Corporation has agreed to invest $ 20 million in the company Medi-Tate, which has developed a device for the treatment of swollen prostate glands, said today Xenia Venture Capital shareholder. In a separate announcement, Olympus said it was also buying the rights to distribute the company's products and a call option that would allow it to acquire 100% of the company. Founded in 2007, Medi-Tate focuses on treatments for benign prostatic hyperplasia or enlarged prostate, a non-cancerous prostate growth that affects over 500 million seniors worldwide. Its iTind is already approved for use in the European Union. "Olympus intends to take advantage of Medi-Tate's technology to further expand its range of minimally invasive surgical treatment devices for BPH and to strengthen its urological business," said Olympus. "The intention is to proceed with a progressive dissemination of the product obtaining regulatory approvals and other relevant licenses in certain countries." The shares of Xenia increased by 22.9% to end at 1.23 shekels (33 cents). (Yoram Gabison)
The Israeli fund emerges as the main player in the global peer-to-peer loan
The Israel Consumer Credit Fund has emerged as one of the largest credit institutions in the world after the Israeli insurer Phoenix has grossed $ 40 million. This infusion increased the activities of CCF, managed by the IBI financial services company, to $ 340 million, four and a half years after its establishment. Other supporters include Menora, an Israeli insurance company that has invested $ 50 million of its own and client funds in the fund. CCF buys online loans made through P2P lenders in the US such as Lending Club, Prosper Marketplace and Upstart. Because P2P lenders operate online, they have lower overhead than traditional financial institutions, allowing lenders to obtain higher returns than the savings and investment products offered by banks. CCF says that since 2014 it has recorded an average return of 5% to 8% per annum. Israel is home to a handful of P2P lenders, including eLoan, Blender and BTB, although CCF does not invest in them. (Eran Azran)
Aman forms a JV blockchain with a Chinese firm
Aman Group, an information technology group based in Bnai Brak, a suburb of Tel Aviv, said that last week a joint venture was formed with the Chinese Yunnan Investment Group to develop blockchain solutions for the Chinese market. "China has invested a lot of resources in developing technological solutions for local and international use," said Aman's managing director, Ben Pasternak. "With the blockchain capabilities and know-how developed and tested by the Aman Group, the new JV will be able to implement technology promptly in projects across China, including trade and finance, healthcare, logistics and agriculture." The partnership requires further collaboration Between the two parties on additional financial technologies and Big Data projects, Aman said in an announcement made at the Israel Innovation Cooperation Forum in Tel Aviv, China ( Yunnan). Aman offers digital services, information security, software development, knowledge management blockchain, and has about 2,000 employees. (TheMarker Staff)
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