{"id":913987,"date":"2025-11-26T07:41:10","date_gmt":"2025-11-26T12:41:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/"},"modified":"2025-11-26T07:41:10","modified_gmt":"2025-11-26T12:41:10","slug":"scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/","title":{"rendered":"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems"},"content":{"rendered":"<div class=\"mw_release\">\n<p>TEL AVIV, Israel, Nov.  26, 2025  (GLOBE NEWSWIRE) &#8212;  SciSparc Ltd. (Nasdaq: SPRC) (\u201cCompany\u201d or \u201cSciSparc\u201d), a company engaged in clinical-stage pharmaceutical developments through its majority-owned subsidiary NeuroThera Labs Inc., today announced the signing of a binding term sheet to acquire a treasury of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras, including the MUSE\u2122 system, from Xylo Technologies Ltd. (&#8220;Xylo\u201d).<\/p>\n<p>The MUSE\u2122 system is a single-use, innovative endoscopic device designed for transoral fundoplication, a minimally invasive procedure to treat gastroesophageal reflux disease (\u201cGERD\u201d). <\/p>\n<p>Building on Xylo &#8216;s successful commercialization \u00a0in Greater China through licensing and distribution agreement with a Shanghai-based medical instruments company in 2019, of which Xylo received $3 million up front, SciSparc seeks to replicate this proven model across high-growth territories, such as North America, Europe and Latin America, by pursuing similar exclusive partnerships with leading regional distributors to accelerate global commercialization and unlock substantial revenue streams.<\/p>\n<p>Under the terms of the binding term sheet, SciSparc will acquire the complete portfolio of patents, trademarks, know-how, and related intellectual property rights, mainly associated with the MUSE\u2122 system, from Xylo. Subject to negotiating and signing definitive agreements for the acquisition, in consideration for these acquired assets, SciSparc shall issue to Xylo, upon the closing of definitive agreements (the \u201cClosing\u201d), an amount of ordinary shares of the Company, which shall represent as of the Closing date, 19.99% of the issued and outstanding share capital of SciSparc (the \u201cIssued Shares\u201d). SciSparc may elect at its sole discretion to issue, in lieu (in whole or in part) of the Issued Shares, pre-funded warrants to purchase ordinary shares.<\/p>\n<p>According to a May 2025 market research report by MarkNtel Advisors, the global <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v_ov6kMt7B6MLRfb9GlRJ6X1wP3QZWB8oYY8gu_oRVWFd2NEQszYzaU7EsC-mRcSFC6oJxb-w2bJaLLrzKWV-ordufelKetpRkl4BPb5u_59oYbK8k8MScbEms8NcJnUxc3GC7v47ODJFTRLVIo7dYT96I7PcCsYRfo8q3bwNR8ygWfK9mN9Qntrq6p81bLTv3Rtpf0eP2uce4DRiTOaN_8obWActmqNyZkZXYhHWlY=\" rel=\"nofollow\" target=\"_blank\">GERD device market was valued<\/a> at approximately $2.5 billion in 2024 and is projected to reach $3.03 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.24% from 2025 to 2030.<\/p>\n<p>\n        <i>This press release does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been registered under the United States Securities Act of 1933, as amended (the\u00a0\u201cU.S. Securities Act\u201d), and such securities may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act.<\/i>\n      <\/p>\n<p>\n        <b>About SciSparc Ltd. (Nasdaq: SPRC):<\/b>\n      <\/p>\n<p>The Company, through its majority-owned subsidiary NeuroThera Labs Inc., engages in clinical-stage pharmaceutical developments. SciSparc\u2019s focus is on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. With this focus, the Company, together with its majority-owned subsidiary NeuroThera Labs Inc., are currently engaged in the following drug development programs based on THC and\/or non-psychoactive CBD: SCI-110 for the treatment of Tourette syndrome, for the treatment of Alzheimer&#8217;s disease and agitation; and SCI- 210 for the treatment of ASD and status epilepticus. The Company, through NeuroThera Labs Inc., also owns a controlling interest in a subsidiary whose business focuses on the sale of hemp seed oil-based products on the Amazon.com Marketplace.<\/p>\n<p>\n        <b>Forward-Looking Statements:<\/b>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of the &#8220;safe harbor&#8221; provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, SciSparc uses forward-looking statements when it discusses: the expected acquisition of a portfolio of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras, including the MUSE <sup>TM<\/sup> system from Xylo; the consideration for the acquired assets to be paid to Xylo at Closing; the Company\u2019s plans to replicate Xylo\u2019s licensing and distribution model from Greater China to other territories, such as North America, Europe and Latin America; the Company\u2019s plans to pursue exclusive partnerships with leading regional distributors to accelerate commercialization and unlock substantial revenue streams; and the expected value and growth of the global GERD device market. The acquisition of the intellectual property assets described in this press release is subject to the Company and Xylo negotiating and agreeing definitive agreements. Because such statements deal with future events and are based on SciSparc&#8217;s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of SciSparc could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading &#8220;Risk Factors&#8221; in SciSparc&#8217;s Annual Report on Form 20-F, as amended, filed with the SEC on April 24, 2025, and in subsequent filings with the U.S. Securities and Exchange Commission. Except as otherwise required by law, SciSparc disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise.<\/p>\n<p>Investor Contact:<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1RQm-hZCdSIQuvvzVRvTipIZbolX1wazjbZCXvUp-opZ9-630LE8yffwkswMS93C5EE7as14T5pZDXeEE-d7E0NlwfTtTkiSeanNqi9zeWg=\" rel=\"nofollow\" target=\"_blank\"><u>IR@scisparc.com<\/u><\/a><br \/> Tel: +972-3-6167055<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5Mjc4NCM3Mjk0MjAyIzUwMDEwMjUyNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWZkMTQzZjQtMGE0Mi00Yjg5LWI3MWQtYTQyMDBjM2ViMmZjLTUwMDEwMjUyNS0yMDI1LTExLTI2LWVu\/tiny\/SciSparc-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TEL AVIV, Israel, Nov. 26, 2025 (GLOBE NEWSWIRE) &#8212; SciSparc Ltd. (Nasdaq: SPRC) (\u201cCompany\u201d or \u201cSciSparc\u201d), a company engaged in clinical-stage pharmaceutical developments through its majority-owned subsidiary NeuroThera Labs Inc., today announced the signing of a binding term sheet to acquire a treasury of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras, including the MUSE\u2122 system, from Xylo Technologies Ltd. (&#8220;Xylo\u201d). The MUSE\u2122 system is a single-use, innovative endoscopic device designed for transoral fundoplication, a minimally invasive procedure to treat gastroesophageal reflux disease (\u201cGERD\u201d). Building on Xylo &#8216;s successful commercialization \u00a0in Greater China through licensing and distribution agreement with a Shanghai-based medical instruments company in 2019, of which Xylo received $3 million up front, SciSparc &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-913987","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TEL AVIV, Israel, Nov. 26, 2025 (GLOBE NEWSWIRE) &#8212; SciSparc Ltd. (Nasdaq: SPRC) (\u201cCompany\u201d or \u201cSciSparc\u201d), a company engaged in clinical-stage pharmaceutical developments through its majority-owned subsidiary NeuroThera Labs Inc., today announced the signing of a binding term sheet to acquire a treasury of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras, including the MUSE\u2122 system, from Xylo Technologies Ltd. (&#8220;Xylo\u201d). The MUSE\u2122 system is a single-use, innovative endoscopic device designed for transoral fundoplication, a minimally invasive procedure to treat gastroesophageal reflux disease (\u201cGERD\u201d). Building on Xylo &#8216;s successful commercialization \u00a0in Greater China through licensing and distribution agreement with a Shanghai-based medical instruments company in 2019, of which Xylo received $3 million up front, SciSparc &hellip; Continue reading &quot;SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-26T12:41:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5Mjc4NCM3Mjk0MjAyIzUwMDEwMjUyNQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems\",\"datePublished\":\"2025-11-26T12:41:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/\"},\"wordCount\":812,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTU5Mjc4NCM3Mjk0MjAyIzUwMDEwMjUyNQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\\\/\",\"name\":\"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems - 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(Nasdaq: SPRC) (\u201cCompany\u201d or \u201cSciSparc\u201d), a company engaged in clinical-stage pharmaceutical developments through its majority-owned subsidiary NeuroThera Labs Inc., today announced the signing of a binding term sheet to acquire a treasury of patents, trademarks and intellectual property rights for innovative endoscopic systems and medical cameras, including the MUSE\u2122 system, from Xylo Technologies Ltd. (&#8220;Xylo\u201d). The MUSE\u2122 system is a single-use, innovative endoscopic device designed for transoral fundoplication, a minimally invasive procedure to treat gastroesophageal reflux disease (\u201cGERD\u201d). Building on Xylo &#8216;s successful commercialization \u00a0in Greater China through licensing and distribution agreement with a Shanghai-based medical instruments company in 2019, of which Xylo received $3 million up front, SciSparc &hellip; Continue reading \"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-26T12:41:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5Mjc4NCM3Mjk0MjAyIzUwMDEwMjUyNQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems","datePublished":"2025-11-26T12:41:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/"},"wordCount":812,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5Mjc4NCM3Mjk0MjAyIzUwMDEwMjUyNQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/scisparc-to-acquire-treasury-of-patents-for-innovative-medical-endoscopy-systems\/","name":"SciSparc to Acquire Treasury of Patents for Innovative Medical Endoscopy Systems - 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