STOCK TITAN

Ping An Biomedical signs $2.3M patent acquisition deal

Any commercialization path will be staged and subject to technical, legal, regulatory and commercial evaluation and applicable approvals.

Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

Ping An Biomedical Co., Ltd. (PASW) entered into an agreement with Future Biotechnology Group Co., Limited to acquire three tumor cell-related medical technology patents for aggregate consideration of US$2.3 million, subject to satisfaction of the agreement’s closing conditions. The patents cover areas including oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies. The agreement follows a letter of intent dated October 22, 2026.

Ping An Biomedical says the acquisition is intended to support its longer-term healthcare and biomedical R&D strategy and is not positioned as a near-term revenue driver. Any commercialization path will be staged and subject to technical, legal, regulatory and commercial evaluation and applicable approvals. Separately, the company continues to advance negotiations regarding its proposed strategic investment in Future Biotechnology Group Co., Limited.

Patent acquisition consideration US$2.3 million Aggregate consideration under the agreement
Patents covered by agreement 3 patents Tumor cell-related medical technology patents
Agreement date November 4, 2026 Date the company entered into the agreement
Letter of intent date October 22, 2026 Date of the previously announced letter of intent
freedom-to-operate screening technical
"technical diligence, freedom-to-operate screening"
A freedom-to-operate screening is a targeted review of existing patents and pending patent applications to identify whether a proposed product, process, or use would likely infringe any third-party intellectual property in the jurisdictions of interest. It typically involves searching patent databases, mapping relevant patent claims to the product’s features, and flagging potential blocking patents, but it is a preliminary, fact-limited exercise—not a definitive legal opinion—because outcomes depend on claim interpretation, patent validity, pending applications, territorial scope, and detailed legal analysis.
outbound licensing technical
"co-development or outbound licensing"
biomarker and DNA probe technologies medical
"biomarker and DNA probe technologies"

FAQ

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

How much is PASW paying for the patent acquisition?

The agreement provides for aggregate consideration of US$2.3 million for three tumor cell-related medical technology patents.

What technology areas do PASW's patents cover?

The patents cover areas including oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies.

How will PASW evaluate the patents after acquisition?

After acquisition, the company will evaluate each patent against potential priority applications. That process may include technical diligence, freedom-to-operate screening, and sequencing internal pilots versus external partnerships.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

 

 

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 November, 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 ☐

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On November 4, 2026, Ping An Biomedical Co., Ltd. (the “Company”) entered into a patent transfer and purchase agreement (the “Purchase Agreement”) with Future Biotechnology Group Co., Limited, for the acquisition of three certain tumor cell-related medical technology patents, for an aggregate consideration of USD 2.3 million. The closing of this transaction is subject to the satisfaction of all of the closing conditions set forth in the Purchase Agreement.

 

On November 4, 2026, Ping An Biomedical Co., Ltd. (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 November 4, 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: November 5, 2026 By: /s/ Pijun Liu
  Name:  Pijun Liu
  Title: Chairperson of the Board of Directors

  

2

Exhibit 99.1

 

Ping An Biomedical Enters into Patent Purchase Agreement with Future Biotechnology Group for Tumor Cell Technologies

 

The patent acquisition is intended to support the Company’s longer-term healthcare and biomedical research and development strategy. Separately, the Company continues to advance negotiations regarding its proposed strategic investment in Future Biotechnology Group Co., Limited, as previously announced.

 

FOR IMMEDIATE RELEASE

 

HONG KONG, November 4, 2026 — Ping An Biomedical Co., Ltd. (Nasdaq: PASW) (the “Company”) today announced that it has entered into a definitive purchase agreement (the “Agreement”) with Future Biotechnology Group Co., Limited for the acquisition (the “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 of US$2.3 million. The Agreement follows the Company’s previously announced letter of intent dated October 22, 2026. The 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

 

Execution of the Agreement marks a shift from preliminary intent to a definitive contractual framework in advancing the Company’s healthcare technology. Upon completing the acquisition of the patents spanning oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies, the Company seeks to strengthen its position in tumor-related science. Management views these assets as building blocks for a multi-use intellectual property portfolio—supporting proprietary programs where appropriate, while leaving room for co-development or outbound licensing if it will better serve capital efficiency.

 

Significance and Next Steps

 

With the Agreement in place, the Company’s near-term focus is to complete the closing steps and applicable registration procedures required to acquire the three patents. Upon acquisition, the Company will evaluate each patent against potential priority applications, in which process may include technical diligence, freedom-to-operate screening, and sequencing of internal pilots versus external partnerships. Any commercialization path will be staged and subject to technical, legal, regulatory and commercial evaluation and applicable approvals; the Company is not positioning the Acquisition as a near-term revenue driver, but as a capacity-building move that expands the option set for its biomedical agenda over a longer horizon. Separately, the Company continues to advance negotiations regarding its proposed strategic investment in Future Biotechnology Group Co., Limited, as previously announced.

 

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. “Entering into this definitive purchase agreement is a concrete milestone in our healthcare and biomedical strategy. We will actively study how these newly secured technologies can be applied to create tangible value for the Company—whether through internal development, collaboration, or other commercialization pathways. By combining disciplined capital allocation with rigorous compliance oversight, we aim to turn this intellectual property into practical advantages that support the future growth of our healthcare businesses.”

 

 
 

 

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

Keep reading