Australia's Visionflex gains on contract with Medibank unit

Visionflex

14/04/2025 03:18

April 14 - ** Shares of Visionflex VFX.AX rise 25% to A$0.003, their highest levels since April 8
** Stock set for biggest intraday gain since April 8, if gains hold

** The health tech firm says it signed a binding agreement with Amplar Home Health, Medibank's health service delivery unit, to supply its virtual care technology solution for a nursing project

** Total contract value of A$1 million ($629,900.00)

** VFX stock down 33.3%, YTD

($1 = 1.5876 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))