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Ex-biotech Bio Green Med books fivefold revenue jump from Malaysian fire-safety line

Bio Green Med Solution, which has exited drug development, reported higher quarterly sales and a smaller loss, with a shareholder vote on its Future NRG tie-up planned this month.

12 Nov 2026 · Bio Green Med Solution, Inc. BGMS · Company news

Bio Green Med Solution, a Nasdaq-listed company that once worked in biopharma, said product sales in the third quarter of 2026 totalled $454,000, compared with $81,000 in the same period of 2025. The revenue comes from fire-safety products sold in Malaysia, the business it now operates.

The quarterly net loss came in at $0.4 million, which the company described as narrower. The material reviewed did not include the prior-year loss or any breakdown of costs, so the scale of the improvement cannot be measured here.

On the corporate side, the company reported that the Form S-4 registration statement covering its proposed business combination with Future NRG became effective in October. A shareholder meeting to vote on the deal is planned for November. No terms of the transaction were available in the material reviewed.

Bio Green Med holds $3.5 million in cash, which it expects to fund operations into the second quarter of 2027. The company's figures were published on 12 November 2026.

Why it matters

  • Bio Green Med no longer operates as a pharmaceutical developer, so teams that track it as a drug-development company or potential partner should revise their watchlists.
  • The Future NRG combination could alter the company's structure and focus; the November shareholder vote is the next milestone.
  • With cash guided only into Q2 2027, counterparties may want to monitor how the transaction progresses.

Company's press release (SEC filing): Bio Green Med Solution, Inc. ↗

Written by CompePharma's editorial system from the company's filing; claims are the company's. AI-assisted; check the source before acting. Not investment advice.

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