Australia's Volpara Health Technologies climbs on contract with U.S.-based RadNet

RadNet

04/07/2022 07:06

** Shares of Volpara Health Technologies Ltd  VHT.AX  jump
up to 21.3% to A$0.57, their sharpest intraday pct gain since
July 2017
    ** The New Zealand-based medical technology provider signs a
contract with unit of RadNet Inc  RDNT.O , which provides
outpatient imaging services in the United States  urn:newsml:reuters.com:*:nASX2nw4yD
    ** Under contract, RadNet to implement Volpara's software
throughout its organisation, with go-live projected in 2023
    ** Management expects that revenue generated under the
agreement will be material to VHT
    ** Stock touches its highest since June 16
    ** About 722,000 shares change hands, compared with the
30-day average volume of 454,000 shares
    ** VHT down 54.8% this year, as of last close

    

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))