Mubadala Hopes Unprofitable Medical Device Company Will Bear Fruit
On December 26, 2013, Mubadala Development Company PJSC took a sizable stake in medical device manufacturer NxStage Medical Inc. According to a filing made with the SEC, Mubadala became a 5.13% owner of the device company. It did so through two wholly owned subsidiaries: MDC Capital Limited and Fifty First Investment Company LLC.
NxStage specializes in developing systems for renal care including in-home dialysis equipment.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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