Alcidion Group gains on partnership extension with Leidos Australia

Alcidion

19/12/2022 04:06

** Shares of Australian healthcare tech co Alcidion Group
Ltd  ALC.AX  rise as much as 7.1% to A$0.15; sees best day since
Dec. 1, if gains hold
    ** Co says signed extension to existing contract with govt.,
science and technology solutions provider Leidos Australia 
    ** Extension for delivery of a Health Knowledge Management
system to support healthcare services across the Australian
Defence Force
    ** Adds that extension entails additional total contract
value to Alcidion of A$8.4 mln ($5.64 mln) over 57 months
    ** Stock has fallen 49.1% this year, as of last close
($1 = 1.4901 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))