Ortho-Space (Israel) is spun off from BioProtect and raises $1 million

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Xenia Venture Capital Ltd. (TASE: XENA) portfolio company BioProtect Ltd. has spun off its orthopedics operations unit and announced a $1 million financing round for the new company, Ortho-Space, at a value of $5 million after money.
US fund AJJS, an investor in BioProtect, is leading the investment in OrthoSpace.  Xenia will own 18.4% of the new company.
Globes Online (Israel)…  http://ow.ly/oTYU
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