Australia's Enlitic gains on distribution deal with Bayer Healthcare

Enlitic

16/10/2024 02:24

** Shares of Enlitic  ENL.AX  rise 14.1% to A$0.073, set for
best day since Sept. 30, if current gains hold
    ** Healthcare technology firm says it has signed a
three-year distribution contract with multinational biomedical
co Bayer Healthcare  
    ** Under the contract, Enlitic says its software application
ENDEX will be distributed alongside Bayer's radiation dose
management proprietary software products
    ** In a separate statement, ENL says medical technology co
Philips Healthcare has agreed to use its ENDEX platform
    ** Expects the agreement to contribute between $100,000 and
$380,000 per annum to its revenue - ENL
    ** ENL stock down 92.6% YTD

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