EXCLUSIVE: Avalon GloboCare Inks MoU With Qi Diagnostics For Proposed Co-Development Of Real-Time Cannabis Breathalyzer
Portfolio Pulse from Vandana Singh
Avalon GloboCare Corp. (NASDAQ:ALBT) has signed a memorandum of understanding with Qi Diagnostics to explore a strategic collaboration for developing a cannabis breathalyzer. The MOU grants Avalon a 120-day exclusivity period to negotiate a definitive agreement. The collaboration would focus on creating a prototype capable of detecting cannabis, leveraging Avalon's regulatory expertise. However, the terms of the agreement are not guaranteed.
October 25, 2024 | 12:31 pm
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Avalon GloboCare has entered into an MOU with Qi Diagnostics to explore developing a cannabis breathalyzer. The MOU includes a 120-day exclusivity period for negotiations. The collaboration could leverage Avalon's regulatory expertise, but the terms are not guaranteed.
The MOU with Qi Diagnostics indicates potential growth and innovation for Avalon GloboCare, which could positively impact its stock price. The exclusivity period suggests a serious commitment to the project, and the stock's premarket rise reflects investor optimism.
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