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WORK Medical Technology Group LTD Granted Additional 180-Day Period to Regain Nasdaq Compliance
Globenewswire· 2025-10-10 13:00
Hangzhou, China, Oct. 10, 2025 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (“WORK Medical” or the “Company”), a supplier of medical devices in China, through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd. and its subsidiaries in China, today announced that it has received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day period to regain compliance with the minimum bid price requirement pursuan ...
WORK Medical Technology Group LTD Partners with Wuxi Branch of Ruijin Hospital-Shanghai Jiao Tong University School of Medicine to Develop AI-Applications in Healthcare
Globenewswire· 2025-09-22 13:00
Core Viewpoint - WORK Medical Technology Group LTD has signed a strategic cooperation agreement with Xin Rui Hospital to develop AI-driven medical products, aiming to enhance the digital healthcare ecosystem in China [1][2][4]. Group 1: Agreement Details - The agreement involves Work Hangzhou supporting Xin Rui Hospital in advancing hospital informatization and the application of AI-powered medical products [2]. - The collaboration aims to integrate AI technology with various medical resources at Xin Rui Hospital, including text, imaging, and laboratory data, to create a digital knowledge base for intelligent healthcare [2]. - The partnership is expected to enhance the development and clinical application of AI models across multiple healthcare scenarios, focusing on data governance, model training, and translating research into clinical practice [2]. Group 2: Company Background - WORK Medical Technology Group LTD, through its subsidiary Work (Hangzhou) Medical Treatment Equipment Co., Ltd., develops and manufactures Class I and II medical devices, with a diverse product portfolio of 21 items [5]. - The company has products sold in 34 provincial-level regions in China and has registered 17 products with the U.S. Food and Drug Administration, allowing entry into the U.S. market [5]. Group 3: Leadership Perspective - The CEO of WORK Medical expressed enthusiasm about the partnership, highlighting the goal of establishing a model for hospital digitalization and intelligent healthcare applications [4]. - The collaboration is anticipated to accelerate AI transformation in domestic hospitals and broaden the adoption of technology solutions [4].
WORK Medical Technology Group LTD Announces Pricing of Registered Offering
Globenewswire· 2025-05-21 13:00
Core Viewpoint - WORK Medical Technology Group LTD is conducting a registered offering of 10,000,000 ordinary and pre-funded units to raise funds for various corporate purposes, including upgrading production equipment and R&D investments [1][3]. Group 1: Offering Details - The offering price is set at $0.50 per Ordinary Unit and $0.4995 per Pre-funded Unit [1]. - Each Ordinary Unit includes one Class A ordinary share, one Series A warrant, and one Series B warrant, while each Pre-funded Unit consists of one pre-funded warrant, one Series A warrant, and one Series B warrant [2]. - The Company expects to receive gross proceeds of $5.0 million from the offering before deducting expenses [3]. Group 2: Use of Proceeds - Proceeds will be allocated for upgrading production equipment, investing in R&D, hiring experienced employees for compliance improvements, and general corporate purposes [3]. Group 3: Company Overview - WORK Medical is a supplier of medical devices in China, developing and manufacturing Class I and II medical devices, with a diverse product portfolio of 21 products [6]. - The Company has sold products in 34 provincial-level regions in China and in over 30 countries globally, with 17 products registered with the U.S. FDA [6].