OSR Holdings, Inc. (NASDAQ: OSRH) announces that it has executed a definitive agreement to acquire Woori IO Co., Ltd. (“WORIO”), a pioneer in noninvasive glucose monitoring (NIGM), via a comprehensive share exchange. The acquisition reinforces OSRH’s dedication to advancing biomedical innovation by adding a potential breakthrough technology for diabetes care, bringing truly needle-free glucose monitoring closer to patients globally and promising a safer, more convenient and accurate alternative to currently available technologies. Through this acquisition, OSRH aims to strengthen its medical-device platform, diversify its healthcare portfolio, and capture recurring revenue from the global glucose-monitoring market.
Read the full article: OSR Holdings Signs Definitive Agreement to Acquire Woori IO, a Pioneer in Noninvasive Glucose Monitoring with Potential to Transform Diabetes Care //
Source: https://www.prnewswire.com/news-releases/osr-holdings-signs-definitive-agreement-to-acquire-woori-io-a-pioneer-in-noninvasive-glucose-monitoring-with-potential-to-transform-diabetes-care-302583411.html