Predictive Oncology Completes Sale to DeRoyal Industries
Deal News | Mar 20, 2025 | Globenewswire
Predictive Oncology Inc. has finalized the sale of its subsidiary, Skyline Medical Inc., to DeRoyal Industries, Inc. The transaction allows Predictive Oncology to enhance its focus on AI-driven drug discovery, particularly amidst its merger with Renovaro Biosciences. Skyline Medical, headquartered in Eagan, Minnesota, sold the STREAMWAY System, an advanced waste fluid management technology. The strategic sale aims to position Skyline Medical alongside an industry leader to unleash its full potential. Predictive Oncology, centered on artificial intelligence for drug discovery, boasts a vast biobank and an AI platform with high predictive accuracy. DeRoyal Industries, a prominent supplier of healthcare products, strengthens its position in waste management solutions through this acquisition. This transaction is a strategic alignment to broaden product reach and maintain continuity for existing customers, while also catering to healthcare facilities' fluid management needs.
Sectors
- Healthcare
- Artificial Intelligence in Drug Discovery
Geography
- United States – The primary companies involved, Predictive Oncology and DeRoyal Industries, are based in the U.S., and the transaction pertains to U.S. healthcare facilities.
Industry
- Healthcare – DeRoyal Industries' acquisition involves medical waste management technology, a vital component in healthcare facilities.
- Artificial Intelligence in Drug Discovery – Predictive Oncology's focus on AI for drug discovery represents the blending of technology with drug development, impacting cancer treatment.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Predictive Oncology Inc. | Seller | Company | A leader in AI-driven drug discovery headquartered in Pittsburgh, PA. Enhancing focus on AI through this sale. |
| Skyline Medical Inc. | Sold Asset | Company | A wholly owned subsidiary of Predictive Oncology Inc., known for its STREAMWAY System. |
| DeRoyal Industries, Inc. | Buyer | Company | A global supplier of innovative healthcare products, enhancing its waste management capabilities with this acquisition. |
| Renovaro Biosciences | Merger Partner | Company | A company mentioned as being part of a future merger with Predictive Oncology. |