Australia's INOVIQ gains most in 8 weeks after distribution deal with US-based Promega

Inoviq

15/04/2024 05:20

** Shares of Australia's INOVIQ  IIQ.AX  rise as much as
23.3% to A$0.715, their biggest intraday pct gain since Feb 22
    ** The medical diagnostics firm says co & U.S.-based Promega
Corporation sign global supply and distribution agreement
    ** "Agreement grants Promega rights to market, distribute,
and sell INOVIQ's EXO-NET PanExosome Capture products, with an
expected first order imminent," IIQ says
    ** Nearly 170,000 shares change hands, vs 30-day average
volume of 77,709 shares
    ** Stock down 12.8% YTD, as of last close

    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))