EUDA Health Holdings Ltd. Signs Letter of Intent to Acquire Singapore-Based Biotechnology Firm GO POSB

Reuters
Sep 10
EUDA Health Holdings Ltd. Signs Letter of Intent to Acquire Singapore-Based Biotechnology Firm GO POSB

EUDA Health Holdings Limited, a Singapore-based non-invasive healthcare provider, announced through a press release that its subsidiary, EUDA Health Pte. Ltd., has signed a Letter of Intent to potentially acquire GO POSB Organoids Pte Ltd, a biotechnology company in Singapore. The intended acquisition aims to enhance EUDA's capabilities in supplying B2B induced pluripotent stem cell (iPSC) solutions to the healthcare ecosystem, including hospitals and regenerative clinics. The collaboration plans to establish an iPSC laboratory and cultivation facility in Shenzhen, China, to support iPSC research and applications. GO POSB has developed a platform that reprograms human blood cells into therapeutics-ready stem cells, promising advancements in drug discovery and regenerative medicine without ethical concerns associated with embryonic stem cells.

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