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December 23rd, 2004
Merger gives C Sixty stability, CNI access to medical markets
Abstract:
Nanomaterial and biotech companies usually make for unlikely bedfellows. But on Tuesday, a manufacturer of carbon nanotubes and a startup that uses a relative of nanotubes for drug applications announced that they had merged. The merger will give carbon nanotube manufacturer Carbon Nanotechnologies Inc. an avenue for developing drugs or other medical products. C Sixty Inc., which will become a wholly owned subsidiary of CNI, will get financial security as well as business support.
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