Australia's 4DMedical gains on MoU to expand sales in North America

4DMedical

29/11/2023 24:34

** Shares of medical technology co 4DMedical  4DX.AX  up as
much as 19.6% to A$1.10, their highest since May 9
    ** Co says it has signed a Memorandum of Understanding with
healthcare firm Koninklijke Philips N.V.  PHG.AS  
    ** Says MoU is to establish a strategic collaboration to
expand federal and commercial sales opportunities for co's XV
Technology in North America
    ** About 2.2 mln shares change hands, compared with the
30-day average volume of 1.2 mln
    ** Stock has more than doubled this year as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))