Ad-hoc | 29 April 2020 12:45

Aladdin Healthcare Technologies sets up Joint Venture with Chinese partner network and wins new customer – first sales revenues of EUR 120,000

Aladdin Healthcare Technologies SE / Key word(s): Joint Venture
Aladdin Healthcare Technologies sets up Joint Venture with Chinese partner network and wins new customer – first sales revenues of EUR 120,000

29-Apr-2020 / 12:45 CET/CEST
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Aladdin Healthcare Technologies sets up Joint Venture with Chinese partner network and wins new customer – first sales revenues of EUR 120,000

BERLIN/LONDON , April 29, 2020 – Aladdin Healthcare Technologies SE (“Aladdin”, ISIN: DE000A12ULL2 ), a leading developer of AI healthcare diagnostics and drug discovery applications, has just founded Aladdin Healthcare Technologies China Ltd. together with an extensive network of scientists, pharmacologists and healthcare practitioners including IIAT.

The goal of the joint venture (JV), in which Aladdin Healthcare holds a 51% stake, is the further global development and marketing of an AI-based drug discovery tool. The tool supports basic clinical research for the development of new drugs for age-related diseases such as Alzheimer’s, cardiovascular diseases, pulmonary diseases, diabetes and osteoporosis.

At the same time, Aladdin has gained a new customer. The order volume for the use of the AI platform and for consultancy services is EUR 120,000.

For further information

Aladdin Healthcare Technologies Ltd.
24-26 Baltic Street West
London EC1Y 0UR
Phone +44 7714 719696
Email: info@aladdinid.com
Website Link: www.aladdinid.com

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de

29-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Aladdin Healthcare Technologies SE
	Unter den Linden 10
	10117 Berlin
	Germany
Phone:	030 700140449
E-mail:	info@aladdinid.com
Internet:	www.aladdinid.com
ISIN:	DE000A12ULL2
WKN:	A12ULL
Listed:	Regulated Market in Dusseldorf
EQS News ID:	1032909

End of Announcement DGAP News Service