Australia's Mach7 Technologies jumps on Nuvodia agreement

Mach7 Technologies

20/12/2022 02:23

** Shares of Mach7 Technologies Ltd  M7T.AX  jump as much as
6.3% to A$0.595, their biggest intraday pct gain since Nov 24 
    ** The medical imaging systems provider says it has entered
a subscription licence agreement with U.S.-based Nuvodia LLC  
 urn:newsml:reuters.com:*:nFWN339224 
    ** Says total contract value is A$2.5 mln ($1.67 mln)
    ** Says agreement involves co's entire Enterprise Imaging
Platform
    ** Shares touch their highest level since Dec 5
    ** Stock down 31.7% this year, as of last close 
    ($1 = 1.4939 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))