Australia's 4DMedical surges on Philips pact expansion, $9.9 mln order pledge through 2027

4DMedical

03/12/2025 24:27

** Shares of 4DMedical 4DX.AX jump as much as 18.43% to A$1.960, posting their biggest intraday pct gain since October 3

** Stock hits its highest level since October 24

** Medtech firm announces a major expansion of its distribution pact with Netherlands-based Koninklijke Philips NV PHG.AS for co's medical imaging software CT:VQ

** PHG will fold CT:VQ into its North American lineup under an expanded pact, leveraging its commercial reach and customer network to drive distribution

** PHG has committed to at least A$15 million ($9.86 million) in customer orders across CY26 and CY27, under deal

** Over 3.5 mln shares change hands, 1.2x the 30-day avg

** Stock skyrockets to gain 291.67% YTD

($1 = 1.5214 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))