February 22, 2018 / 9:45 AM / 7 months ago

BRIEF-Lepu Medical Technology To Sell Its Entire Stake In Australia's Viralytics

Feb 22 (Reuters) - Lepu Medical Technology Beijing Co Ltd :

* SAYS IT PLANS TO SELL ITS ENTIRE 13.04 PERCENT STAKE IN AUSTRALIA'S VIRALYTICS TO U.S. COMPANY MERCK'S UNIT

* SAYS MERCK PLANS TO BUY 100 PERCENT OF VIRALYTICS FOR $394 MILLION Source text in Chinese: bit.ly/2sNYCYU Further company coverage: (Reporting by Hong Kong newsroom)

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