Australia's Universal Biosensor gains on distribution deal for US market

Universal Biosensors

08/11/2024 01:32

** Universal Biosensor  UBI.AX  rises 6% to A$0.133; set for
its biggest pct gain since Oct. 21
    ** Biosensor developer signs Henry Schein  HSIC.O  as its
first distribution partner in the U.S. for medical device
Xprecia Prime
    ** Says HSIC will be its non-exclusive distributor for a
year, with annual extensions by agreement
    ** Stock hits its highest since Oct. 30
    ** UNI down ~29% YTD

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))