Russian Government Takes a 9.2% Stake in Bind Therapeutics

BIND Therapeutics, Rusnano: The open joint stock company created and owned by the Russian government, Rusnano, just disclosed that it is purchasing shares of Bind Therapeutics Inc (NASDAQ:BIND). In a filing with the Securities and Exchange Commission, Rusnano reported ownership of 1,491,357 shares of Bind, which represent 9.28% of the company. The value of the stake amounts to some $22.64 million, at the current price of company’s stock. Rusnano reported that it acquired 120,000 shares from Bind’s IPO at the end of September. The value of the transaction amounted to $1.8 million.

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