Why Is Tivic Health Systems Stock Shooting Higher Today
Portfolio Pulse from Nabaparna Bhattacharya
Tivic Health Systems, Inc. (NASDAQ:TIVC) has signed a distribution agreement with Cardinal Health, Inc. (NYSE:CAH). The deal will allow Tivic Health to leverage Cardinal Health's network of 3.4 million patients. Tivic's shares are trading higher by 62.5% following the announcement.
June 27, 2023 | 4:38 pm
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POSITIVE IMPACT
Tivic Health's stock is trading higher after the company signed a distribution agreement with Cardinal Health.
The distribution agreement with Cardinal Health, a major player in the medical field, is a significant development for Tivic Health. This partnership will expand Tivic's distribution and marketing reach, which is likely to boost its revenues and profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cardinal Health has signed a distribution agreement with Tivic Health.
While the agreement with Tivic Health is a positive development for Cardinal Health, it is unlikely to have a significant impact on its stock price in the short term due to the size and diversity of its operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50