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Ping An Biomedical plans $2M–$2.5M patent acquisition

PASW says the planned patent acquisition, by itself, is not expected to generate material revenue in the near term.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Ping An Biomedical Co., Ltd. (PASW) entered into a letter of intent on October 22, 2026, with Future Biotechnology Group Co., Limited for the planned acquisition of three tumor cell-related medical technology patents, for consideration ranging from US 2 million to US 2.5 million. The transaction is subject to due diligence, negotiation and execution of definitive agreements, and applicable regulatory and contractual requirements.

The patents cover oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies. Upon completion, PASW intends to add them to its healthcare technology intellectual-property reserve and assess internal research and development, collaboration, or licensing pathways, subject to further assessment and applicable approvals. The company does not expect the acquisition, by itself, to generate material revenue in the near term.

Patents 3 patents Planned acquisition
Consideration US 2 million to US 2.5 million Planned acquisition
Letter of intent date October 22, 2026 Date the parties entered into the letter of intent
letter of intent financial
"entered into a letter of intent"
A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.
definitive agreements financial
"negotiation and execution of definitive agreements"
Definitive agreements are the final, legally binding contracts that set the exact terms of a corporate deal—such as a merger, acquisition, asset sale, or major financing. They matter to investors because signing them turns rough plans into concrete obligations that determine price, timing, required approvals and what happens if the deal falls through; think of them as the signed purchase contract in a house sale that makes the deal official and enforceable.
biomarker medical
"biomarker and DNA probe technologies"
A biomarker is a measurable indicator found in the body, such as in blood or tissues, that provides information about health, disease, or how the body responds to treatment. For investors, biomarkers can signal the potential success or risk of medical products or therapies, influencing the value of related companies and industry trends. They act like signals or clues that help assess the progress of medical advancements and their market impact.
DNA probe technologies technical
"biomarker and DNA probe technologies"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What consideration did PASW state for the planned patent acquisition?

The stated consideration ranges from US 2 million to US 2.5 million.

Which patents does PASW plan to acquire?

The planned acquisition covers three tumor cell-related medical technology patents in oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October, 2026

 

Commission File Number: 001-42155

 

  Ping An Biomedical Co., Ltd.  
  (Registrant’s Name)  

 

22/F, China United Plaza, 1002-1008, Tai Nan West Street,

Cheung Sha Wan, Kowloon, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On October 22, 2026, Ping An Biomedical Co., Ltd. (the “Company”) entered into a letter of intent with Future Biotechnology Group Co., Limited, for the planned acquisition (the “Planned Acquisition”) of three tumor cell-related medical technology patents covering areas including oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies, for a consideration ranging from US 2 million to US 2.5 million. The Planned Acquisition shall be subject to a final acquisition agreement to be subsequently prepared and executed by the parties.

 

On October 22, 2026, the Company issued a press release, a copy of which is filed as Exhibit 99.1 hereto, and incorporated herein by reference.

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release dated October 22, 2026

 

1

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 
PING AN BIOMEDICAL CO., LTD.
     
Date: October 26, 2026 By: /s/ Pijun Liu
  Name:  Pijun Liu
  Title: Chairperson of the Board of Directors

 

2

 

Exhibit 99.1

 

Ping An Biomedical Announces Planned Acquisition of Three Tumor Cell-Related Medical Technology Patents to Build a Core Oncology and Biotech Intellectual Property Portfolio

 

FOR IMMEDIATE RELEASE

 

HONG KONG, October 22, 2026 — Ping An Biomedical Co., Ltd. (Nasdaq: PASW) (the “Company”) today announced its entry into a letter of intent with Future Biotechnology Group Co., Limited (the “Letter of Intent”), for the planned acquisition (the “Planned Acquisition”) of three tumor cell-related medical technology patents covering areas including oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies, for a consideration ranging from US 2 million to US 2.5 million. The Planned Acquisition shall be subject to a final acquisition agreement to be subsequently prepared and executed by the parties. The Planned Acquisition is intended to support the Company’s longer-term healthcare and biomedical R&D strategy and to establish a core intellectual property portfolio in oncology and biotechnology.

 

Strategic Rationale

 

The Company believes the Planned Acquisition is in line with its assessment of long-term structural trends in the healthcare market, particularly the growing importance of oncology-related diagnostics, research tools, and enabling biotechnologies. The Planned Acquisition is intended to advance the Company’s longer-term healthcare and biomedical strategy by establishing its position in tumor-related technology areas through targeted intellectual property. The Company intends to gradually build a healthcare technology asset reserve that can support not only ownership of core intellectual properties, but also potential pathways such as internal development, collaboration, and licensing. The Company expects this intellectual property reserve to provide foundational IP support for the subsequent commercialization and rollout of related healthcare businesses.

 

Expected Significance and Next Steps

 

Upon completion of the Planned Acquisition, the Company intends to incorporate the patents into its healthcare technology IP reserve. Management plans to evaluate appropriate pathways for further development, which may include internal research and development, collaboration with partners, and/or licensing, subject to further assessment and applicable approvals. The Company does not expect the Planned Acquisition , by itself, to generate material revenue in the near term; rather, it is intended as a foundational step to support the Company’s longer-term healthcare and biomedical initiatives.

 

Statement from Management

 

“Building a focused healthcare technology IP reserve is a measured step aligned with our long-term view of the medical market,” said Mr. Pijun Liu, Chief Executive Officer and Chairman of the Board of the Company. “This planned acquisition is a concrete step in our healthcare and biomedical strategy—not a one-off announcement. By combining disciplined capital allocation with rigorous compliance oversight, we aim to assemble core intellectual property that can support the future development and commercialization of related healthcare businesses.”

 

The Company notes that the planned transaction remains subject to due diligence, the negotiation and execution of definitive agreements, and applicable regulatory and contractual requirements. There can be no assurance that definitive agreements will be entered into or that the acquisition will be completed on the terms contemplated, or at all. The Company may update this announcement following execution of definitive agreements to reflect the final terms.

 

About Ping An Biomedical Co., Ltd.

 

Ping An Biomedical Co., Ltd. is a one-stop supply chain management (SCM) service provider in the apparel industry. It is also a forward-thinking company dedicated to delivering innovative solutions in healthcare and biomedical technology.

 

 

 

 

Safe Harbor and Informational Statement

 

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact—including, without limitation, those with respect to the objectives, plans, and strategies of the Company set forth herein, and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate,” or similar expressions—are forward-looking statements. Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties that could cause the Company’s future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors, not all of which are known to the Company, which may include, without limitation: our ability to respond timely and accurately to changes in fashion trends and consumer preferences; management of customer concentration risk; reliance on third parties for supplies of raw materials, manufacturing services, and transport infrastructure; changes in government policy in China; China’s overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events; and other events and/or risks outlined in Ping An Biomedical Co., Ltd.’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of issuance, and Ping An Biomedical Co., Ltd. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

 

Ping An Biomedical Co., Ltd.

Email: corpsec@pingan365.vip

 

Celestia Investor Relations

Email: investors@celestiair.com

 

 

 

Filing Exhibits & Attachments

1 document

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