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SciSparc To Buy IP Rights For Endoscopic Systems And Medical Cameras
RTTNews· 2026-01-13 13:00
Core Viewpoint - SciSparc Ltd. has announced a definitive agreement to acquire a treasury of patents, trademarks, and intellectual property rights related to innovative endoscopic systems and medical cameras from Xylo Technologies Ltd. [1] Group 1: Acquisition Details - The acquisition includes the MUSE system and other related technologies [1] - SciSparc will issue common shares to Xylo as consideration for the acquired assets [1] Group 2: Commercialization and Market Impact - Upon closing the deal, SciSparc plans to commence commercialization of the patented technologies immediately [2] - This move is expected to enhance rapid market penetration and revenue generation for the company [2] - Following the announcement, SciSparc's stock price increased by 21.3 percent, reaching $1.76 on the Nasdaq during pre-market hours [2]