Nuvo Research acquires 100% of subsidiary

Mississauga ON-based Nuvo Research Inc is increasing its ownership of Nuvo Research AG by purchasing the 40% stake owned by Dr Friedrich-Wilhelm Kuehne for approximately $2 million in Nuvo shares. Nuvo Research AG owns the rights to WF10, including intellectual property, and has a manufacturing facility in Wanzleben Germany. The publicly traded pharmaceutical firm is building a product portfolio for the topical treatment of pain and developing WF10, its immune modulating drug candidate. Product development is being pursued through internal R&D, in-licensing and acquisition....