StockWatch
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Biotechnology: Pharmaceutical Preparations
AcquisitionsJul 7, 2026, 09:02 AM

Realbotix (Onconetix Target) Partners with Bloom for UK Pilot

AI Summary

Onconetix, Inc. provided an update on Realbotix LLC, its pending acquisition target. Realbotix announced a partnership with Bloom Procurement Services to launch a pilot program deploying socially assistive humanoid robots in UK care settings to combat loneliness and improve wellbeing among older adults. Realbotix has also been accredited as a supplier on Bloom’s public sector marketplace. The acquisition of Realbotix LLC by Onconetix is an all-stock transaction, anticipated to close in the second half of 2026, subject to shareholder and regulatory approvals.

Key Highlights

  • Realbotix to deploy AI robots in UK pilot program for older adults.
  • Pilot aims to improve wellbeing and address loneliness in care settings.
  • Realbotix accredited as supplier on Bloom’s UK public sector marketplace.
  • Onconetix to acquire Realbotix LLC in an all-stock transaction.
  • Acquisition expected to close in second half of 2026, pending approvals.