Avalon GloboCare's Laboratory Services MSO Signs Exclusive In-Network Lab Services Agreement Providing Significant Expansion Opportunity Into 21 States
Portfolio Pulse from Happy Mohamed
Avalon GloboCare Corp. (NASDAQ:ALBT) announced that its subsidiary, Laboratory Services MSO, has signed an exclusive Master Service Agreement with GeneX Laboratory. Avalon owns a 40% interest in Laboratory Services MSO. The agreement will allow Laboratory Services MSO to be the exclusive testing provider for toxicology testing, genetic testing, and others in 21 states. This is expected to result in significant revenue growth for Avalon.
July 19, 2023 | 1:13 pm
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Avalon GloboCare's new partnership with GeneX Laboratory is expected to significantly expand its service offering and result in increased revenue.
The partnership with GeneX Laboratory will allow Avalon GloboCare to expand its services into 21 states, which were previously unavailable. This expansion is expected to result in significant revenue growth for the company.
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