SciSparc Stock Soars Pre-Market After Snapping Up Patents For Next-Gen Endoscopy Tech

In return, SciSparc shall issue to Xylo an amount of ordinary shares of the company.

SciSparc Ltd. (SPRC) on Wednesday said that its unit NeuroThera Labs Inc. signed a binding term sheet to acquire a treasury of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras from Xylo Technologies Ltd.

Shares of the company jumped 28% in the pre-market session at the time of writing.

The company said it is also acquiring intellectual property rights to the MUSE system, a single-use, innovative endoscopic device designed for a minimally invasive procedure to treat gastroesophageal reflux disease. In return, SciSparc shall issue to Xylo an amount of ordinary shares of the company. 

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