{"id":7281,"date":"2018-02-16T06:35:45","date_gmt":"2018-02-16T06:35:45","guid":{"rendered":"http:\/\/www.oilgae.com\/blog\/?p=7281"},"modified":"2018-02-16T06:35:45","modified_gmt":"2018-02-16T06:35:45","slug":"algae-tec-gains-stake-in-australian-pharmaceutical-delivery-company","status":"publish","type":"post","link":"http:\/\/www.oilgae.com\/blog\/2018\/02\/algae-tec-gains-stake-in-australian-pharmaceutical-delivery-company.html","title":{"rendered":"Algae.Tec gains stake in Australian pharmaceutical delivery company"},"content":{"rendered":"<p>Plant-based health and wellbeing company\u00a0Algae.Tec\u00a0(ASX: AEB) has inked a binding heads of agreement to acquire a 19.9% stake in Australian pharmaceutical company NS Technologies Pty Ltd.<\/p>\n<p>Under the deal, Algae.Tec will also exclusively license NS Technologies\u2019 patented delivery platform technology for use across any medical application developed by Algae.Tec.<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5779 size-medium\" src=\"http:\/\/www.oilgae.com\/blog\/wp-content\/uploads\/2016\/01\/algaetec-300x59.png\" alt=\"\" width=\"300\" height=\"59\" srcset=\"http:\/\/www.oilgae.com\/blog\/wp-content\/uploads\/2016\/01\/algaetec-300x59.png 300w, http:\/\/www.oilgae.com\/blog\/wp-content\/uploads\/2016\/01\/algaetec.png 353w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Algae.Tec has agreed to pay an initial cash consideration of A$100,000, plus the balance of 25 million ordinary shares and 25 million three-year share options to be issued at a later date.<\/p>\n<p><a href=\"https:\/\/smallcaps.com.au\/algae-tec-australian-pharmaceutical-delivery-company\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plant-based health and wellbeing company\u00a0Algae.Tec\u00a0(ASX: AEB) has inked a binding heads of agreement to acquire a 19.9% stake in Australian pharmaceutical company NS Technologies Pty Ltd. Under the deal, Algae.Tec will also exclusively license NS Technologies\u2019 patented delivery platform technology for use across any medical application developed by Algae.Tec. Algae.Tec has agreed to pay an [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":5779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[571,617],"tags":[623],"class_list":["post-7281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algae-pharmaceuticals","category-alliances","tag-algae-pharmaceutical"],"_links":{"self":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/7281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/comments?post=7281"}],"version-history":[{"count":1,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/7281\/revisions"}],"predecessor-version":[{"id":7282,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/7281\/revisions\/7282"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/media\/5779"}],"wp:attachment":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/media?parent=7281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/categories?post=7281"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/tags?post=7281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}