Thai Oil Plc (TOP), the oil refinery arm of PTT Group, has diversified into deep technology business by co-investing in Mineed Technology, a local healthcare startup, to produce microneedles which promise faster drug delivery and an alternative for patients with needle phobia.
Wirat Uanarumit, chief executive and president of TOP, said the investment will be jointly made through the company’s wholly owned TOP Ventures and Bangkok Dusit Medical Services Plc, Thailand’s largest health conglomerate.
Microneedles are tiny needles on patches which are stuck onto skin to deliver vaccines, medicines and therapeutic agents for medical and cosmetic purposes.
Mr Wirat declined to disclose the investment value, only saying that one purpose is to make…
