EDMONTON, July 18, 2013 /CNW/ - Medwell Capital Corp. (TSX-V: MWC) today announces that its wholly owned Medwell Healthcare Investments Limited Partnership ("Medwell LP") is increasing its previously disclosed new investment in Mimetogen Pharmaceuticals Inc. (Mimetogen") from $400,000 to $800,000. In total, Medwell LP will have invested a total of $2.8m and will own 11.3% of Mimetogen on a fully diluted basis.
Mimetogen today announced that it has entered into a transaction with Bausch + Lomb in respect of its MIM-D3 technology for the treatment of dry eye syndrome. For details please see Medwell's website, or Mimetogen's website at www.mimetogen.com
About Medwell Capital Corp.
Medwell Capital Corp. is a Canadian-based investment and advisory firm. For further information please visit www.medwellcapital.com
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SOURCE: Medwell Capital Corp.
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Medwell Capital Corp.
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