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New US backer for Toumaz

Thu, 10th Feb 2011 15:48
California Capital Equity LLC (CCE) has made a strategic investment in low-power, wireless technology developer Toumaz. CCE is investing £1.29m at 8.83p a share for a 2.46% stake in the AIM-quoted company.CCE intends to work with Toumaz to develop its Sensium technology for use in sport. There could be collaborations on other technologies. Dr Patrick Soon-Shiong who owns CCE has developed and sold two large pharmaceutical companies. He is boss of personalised healthcare business Abraxis Health. He sees mobile wireless devices as the future of healthcare.

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