3B Medical has announced the exclusive global licensing and acquisition of VBOX, a Minnesota 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 eight 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 because it positions 3B Medical as a global leader in the portable oxygen concentrator product space.” said Alex Lucio, CEO of 3B Medical.