Fifty 1 Labs to Acquire BioSpark AI in Major Healthcare Tech Deal

Fifty 1 Labs (OTC: FITY) has taken a significant step in advancing its AI-powered healthcare strategy by signing a Letter of Intent to acquire BioSpark AI Technologies Inc., a Vancouver-based developer specializing in patented artificial intelligence systems for clinical data extraction and real-time analysis. The acquisition includes BioSpark's proprietary LLM ensemble technology and comprehensive intellectual property portfolio, with the deal structured to include a contingent payment of 25 million common shares tied directly to revenue milestones. This strategic move represents a major expansion of Fifty 1 Labs' technological capabilities in the rapidly evolving healthcare AI space, positioning the company to deliver more sophisticated and transformative biotechnology solutions.

The acquisition aligns perfectly with Fifty 1 Labs' core mission through its subsidiary Fifty1 AI Labs, which focuses on redefining drug discovery by using artificial intelligence to unlock new potential in proven medicines. By repurposing safe, off-patent compounds, the company accelerates the development of smarter therapies that aim to improve patient outcomes while reducing healthcare costs. The integration of BioSpark's advanced AI systems for clinical data extraction and analysis will enhance Fifty 1 Labs' ability to identify promising drug candidates and optimize treatment approaches, creating lasting value for patients, partners, and forward-thinking investors who follow the company's progress through platforms like the InvestorBrandNetwork.

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