Australia's Universal Biosensors gains on distribution deals for Europe

Universal Biosensors

29/07/2022 02:24

** Shares of medical diagnostics firm Universal Biosensors
Inc  UBI.AX  rise as much as 5.9% to A$0.36
    ** Stock hits highest level since July 18
    ** Co announces distribution deals with European biotech
firms Generon S.p.A. and Biomedica Medizinprodukte GmbH
 urn:newsml:reuters.com:*:nASXbD5PMq
    ** Says the three-year deals are for distribution of its
wine testing platform device Sentia, with Generon focusing on
Italian markets and Biomedica on Austria and eastern Europe 
    ** Stock had fallen 65.7% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))