WORK Medical Technology Group Ltd. (NASDAQ:WOK) shares are trending on Wednesday.
WOK shares spiked 69.67% to $11.30 in after-hours trading on Tuesday after the Hangzhou-based medical device supplier disclosed a strategic cooperation agreement with Shanghai Novabioplus Biotechnology Co., Ltd., a provider of biological reagent products and solutions.
WOK Eyes Evolution Beyond Device Manufacturing
According to WORK Medical’s Monday announcement, the pact was signed on Apr. 13 and targets the development of a “Data-Model-Application” trinity of next-generation intelligent medical models.
The deal is centered on a “BioToken” framework that, similar to the company’s existing medical real-world assets (RWA) model, converts biopharmaceutical R&D outputs into verifiable and measurable digital assets. The roadmap is anchored by four core “AI+” projects, including membrane …
