PanGenomic Health Inc. announced that, further to the announcement made on January 26, 2023, its subsidiary, MUJN Diagnostics Inc. (formerly named PlantGx Diagnostics Corp.)("MUJN Diagnostics"), has signed an agreement to lease space at Psy Integrated Health Inc.'s ("Psyi") Empower Health Wellness Centre clinic facility located in Vancouver, BC. This rental agreement represents an important step in the development of a proposed joint diagnostic testing facility with Psyi.
The rental agreement will cover an initial term of 6 months, ending August 1, 2023. Further to the Company's news release dated January 26, 2023, MUJN Diagnostics and Psyi are continuing to work towards a definitive agreement with respect to their proposed joint venture for the joint development of a brain health targeted biomarker diagnostics service to support clients being treated with ketamine assisted therapy. Additional details are expected to be announced upon the execution of a definitive agreement for the proposed joint venture. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed joint venture will proceed in the timeframe currently contemplated or at all.