INNOVATE Corp. granted permission to market Transdermal GFR System in China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2025
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Approval Announcement: MediBeacon has received approval from the National Medical Products Administration for its Lumitrace injection, a non-radioactive, non-iodinated fluorescent GFR agent.
Product Integration: Lumitrace will be marketed as a key component of the Transdermal GFR System in China.
Company Background: MediBeacon specializes in the development of fluorescent tracer agents and their transdermal detection.
Investment Note: INNOVATE holds an equity method investment in MediBeacon, highlighting its commitment to advancing medical technology.
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About VATE
Innovate Corp. is a diversified holding company. The Company has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure (DBMG), Life Sciences (Pansend), and Spectrum. The DBMG segment consists of DBM Global Inc., which is a fully integrated construction company offering both construction and professional services primarily through its core subsidiaries. It provides services, including design-assist, modularization, fabrication and erection of structural steel, heavy steel plate, trusses and girders, heavy equipment installation, as well as facility services for maintenance and shutdowns. Life Sciences segment consists of Pansend Life Sciences, LLC, which is focused on supporting healthcare and biotechnology product development. Spectrum segment consists of HC2 Broadcasting Holdings Inc. and its subsidiaries. It owns and operates broadcast television stations throughout the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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