Australia's Universal Biosensors gains on French distribution deal for wine-testing device

Oeneo SA

04/10/2021 03:10

** Shares of Universal Biosensors  UBI.AX  rise as much as
3.9% to A$0.80, their highest since Sept. 28 
    ** The medical diagnostics firm signs non-exclusive
distribution agreement with Vivelys SAS (France), a subsidiary
of Oeneo Group  SABT.PA , a co that manufactures barrels for
winemaking and wine-corking products  urn:newsml:reuters.com:*:nASX9wQRfw
    ** UBI says 3-year agreement for the distribution of its
wine-testing platform device, Sentia in France 
    ** Stock posts biggest intraday pct gain since Sept. 30
    ** UBI stock up 77% this year, as of last close

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))