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Principal Technologies, Inc. ( (TSE:PTEC) ) has shared an announcement.
Principal Technologies Inc. has signed a 20-year Licence of Technology Agreement with Oxford University Innovation Limited to develop Oxford’s thermal product sensor for medical applications. This strategic move is seen as the company’s most significant transaction to date, potentially enhancing its market position in healthcare technology. Additionally, Principal Technologies has decided not to pursue the acquisition of 70.7% of Syndermix AG’s equity but is negotiating to purchase specific medical assets from the company.
More about Principal Technologies, Inc.
Principal Technologies Inc. is a Canadian-based healthcare acquisition company focused on building a portfolio of profitable healthcare technology companies. It aims to enhance medical treatment quality, cost efficiency, and optimize patient pathways with a global distribution potential.
YTD Price Performance: -1.25%
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.94M
See more data about PTEC stock on TipRanks’ Stock Analysis page.