Innovotech Inc. Expands with Keystone Labs Acquisition

Innovotech (TSE:IOT) has released an update.

Innovotech Inc. is set to grow its contract research and commercial capabilities through the acquisition of Keystone Labs Inc., a move that will see Innovotech issue $600,000 in shares and a performance-based cash incentive to support Keystone’s future growth. In parallel, Innovotech has announced a private placement aimed at raising $1 million, demonstrating strong investor interest with commitments over $600,000 already secured. This strategic expansion and fundraising effort highlight Innovotech’s commitment to enhancing its service offerings and financial stability.

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