(Alliance News) - Cube Labs Spa has announced that it has signed a non-binding framework agreement with Gujar Mal Modi Science Foundation, based in New Delhi, for the purpose of exploring potential areas of institutional cooperation between the parties that aim to promote and develop technological innovation in healthcare.

The '12-month agreement aims to evaluate the establishment of a strong and lasting collaborative link between the parties involved in order to outline and implement a long-term plan regarding scientific, technological and commercial aspects in the field of technological innovation. The collaborative partnership will enable the development in India of Cube Labs' innovative business model in health technologies as well as the underlying business processes.

Cube Labs is flat at EUR2.11 per share.

By Claudia Cavaliere, Alliance News reporter

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