03:40 AM EST, 01/27/2025 (MT Newswires) -- Inogen (INGN) said Sunday it has entered into a partnership with Jiangsu Yuyue Medical Equipment & Supply with the intention of boosting its portfolio of respiratory products, expanding its research pipeline and accelerating its entry into China.

Under the agreement, a Jiangsu Yuyue affiliate will also invest about $27.2 million in Inogen, representing a 9.9% equity stake, the company said.

The collaboration agreement comes into effect immediately, with the purchase of the equity stake expected to close in Q1, the company said.