Mediwelcome Healthcare Management Exploring Purchase of AI Firm

MT Newswires Live

01/20

Mediwelcome Healthcare Management & Technology (HKG:2159) said it was exploring the purchase of artificial intelligence firm MediAI Technology Development, according to a Hong Kong bourse filing Tuesday.

The target primarily provides artificial intelligence technology to global pharmaceutical and medical device companies.

Mediwelcome said it entered a non-binding memorandum of understanding with the sellers under which it has six months to enter a formal agreement.

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