Australia's Advanced Health Intelligence rises over Shanghai licence agreement

Advanced Health Intelligence

04/08/2023 07:10

** Shares of Advanced Health Intelligence Ltd  AHI.AX  rise
as much as 54.3% to A$0.270, their highest level since June 13
    ** The healthcare solutions provider says it executed an
exclusive licence with Shanghai-based Changlin Network
Technology
    ** Agreement to provide AHI's Biometric Health Assessment to
customers via the Changlin platform 
    ** License agreement includes upfront payment of $10 mlto
AHI on execution
    ** Stock logs its biggest intraday pct gain since June 22
    ** Adds that under agreement, AHI will receive 25% revenue
share of gross sales, to be paid quarterly in arrears
    ** Stock up 178.4% this year, as of last close

    

 (Reporting by Shivangi  Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))