Australia's Next Science rises on distribution agreement with TELA Bio

Next Science

01/11/2021 04:34

** Shares of Next Science Ltd  NXS.AX  rise as much as 5.6%
to A$1.32, on track for biggest intraday pct gain since Oct. 15
    ** The medical tech co signs a multi-year distribution
agreement with U.S-based TELA Bio  TELA.O   urn:newsml:reuters.com:*:nASX4ZWxpd
    ** Says the agreement is for TELA to supply a white labelled
version of NXS's proprietary antimicrobial solution XPERIENCE 
    ** Stock hits its highest sinec Oct. 18
    ** Volumes are 1.7 times the 30-day average of 78,860 shares
    ** Stock unchanged this year, as of last close 

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))