PMGC Holdings unit secures drone tech option, shares fall

PMGC Holdings

06/04/2026 12:53

** Shares of defense technology firm PMGC Holdings ELAB.O fall 11.1% to $5.08 premarket

** Co says its NorthStrive Defense Tech unit secured an exclusive option to license a U.S. patent for a drone system operating across air and water

** Says the technology uses buoyancy to transport payloads and could be used in coastal and river areas for military logistics, remote resupply and sensor deployment

** Adds it may develop and commercialize products based on the patent if it exercises the option

** Cautions there is no guarantee a final licensing deal will be reached or the technology successfully developed

** Shares down about ~84% YTD as of last close

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))