Inspira Tech leaps on signing U.S. distribution agreement

Qtrex Quantum

31/01/2022 18:53

** U.S.-listed shares of Israel-based medical device maker
Inspira Technologies  IINN.O  up 32% at ~$3
    ** IINN among top pct gainers and one of the most heavily
traded stocks on the Nasdaq
    ** Co signs exclusive distribution agreement across six U.S.
states with Glo-Med Networks Inc  urn:newsml:reuters.com:*:nPn67kLNza
    ** Agreement for initial term of 7 yrs  
    ** More than 53 mln shares traded, about 32x their 25-day
moving avg
    ** YTD, shares down 27.8% vs a ~10% slide in the Nasdaq
composite  .IXIC  

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))