The Accident Compensation Corporation has taken a 5.7% stake worth $182,117 in Dunedin-based oral-health biotechnology company Blis Technologies.
ACC was a sub-underwriter to underwriter Edinburgh Equity Nominee, operated by Otago businessmen Eion Edgar and Tony Offen, which recently backed the raising of a total $3.5 million in additional capital.
Blis, which posted a $488,000 loss for the year to March last month, will use the $3.5 million capital during the next three years while it focuses on research, development and marketing.
The United States market is at the forefront of Blis' marketing activities for the year ahead.
