Lion Takes Stake in E-Health Co. in Effort to Expand into Research, Diagnostics | GenomeWeb

NEW YORK, Feb 21 – Lion Bioscience said Wednesday it acquired a 16.1 percent stake in a German developer of e-health data management software in its latest move to expand its reach into medical research and diagnostics.

Lion paid 8.75 million euros ($7.99 million) for the stake in Gesellschaft f r Medizinische Datenverarbeitung and received an option to acquire an additional nine percent of the company’s equity. Lion has the option until June 30, 2002.

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