WINTER HAVEN, Fla. (March 22, 2018)—3B Medical has closed on a deal for the exclusive global licensing and acquisition of VBOX, a Minnesota-based research and development company. Through a decade of research and development, VBOX has amassed a number of patents for innovation in the portable oxygen product space, a billion-dollar industry.
With this agreement, 3B Medical, Inc. gains exclusive global licensing of a large portfolio of intellectual property, consisting of 14 U.S. patents, 6 U.S. patents pending, and 8 foreign patents, along with the design and regulatory approvals for the world’s smallest and lightest portable oxygen concentrator.
“The agreement provides 3B Medical with a very quick ramp to market for the most technologically advanced wearable oxygen concentrator in the world. We are really excited by being able to finalize this deal,” said Alex Lucio, CEO of 3B Medical.
Visit 3bproducts.com for more information.
