Tivic Health Systems shares are trading higher after the company announced that it entered into a non-exclusive distribution agreement with Cardinal Health.
Portfolio Pulse from Benzinga Newsdesk
Tivic Health Systems has entered into a non-exclusive distribution agreement with Cardinal Health, leading to a rise in Tivic's share prices.
June 27, 2023 | 4:51 pm
News sentiment analysis
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NEUTRAL IMPACT
Cardinal Health has entered into a non-exclusive distribution agreement with Tivic Health Systems.
While Cardinal Health's agreement with Tivic Health Systems is a positive development, it's a non-exclusive agreement, meaning Tivic can also partner with other distributors. This could limit the potential benefits for Cardinal Health, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tivic Health Systems' shares are trading higher after the company announced a distribution agreement with Cardinal Health.
The non-exclusive distribution agreement with Cardinal Health is a positive development for Tivic Health Systems. This partnership could potentially increase Tivic's product reach and sales, which is likely the reason behind the rise in its share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100