Kamada shares are trading higher after the company announced a binding memorandum of understanding with Kedrion for the amendment and extension of the KEDRAB U.S. distribution agreement between the parties.
Portfolio Pulse from Benzinga Newsdesk
Kamada Ltd. shares have risen following the announcement of a binding memorandum of understanding with Kedrion to amend and extend their KEDRAB U.S. distribution agreement.
December 06, 2023 | 5:07 pm
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POSITIVE IMPACT
Kamada Ltd. is experiencing an increase in share price due to the positive news of extending and amending its distribution agreement with Kedrion for KEDRAB in the U.S.
The extension and amendment of the distribution agreement with Kedrion is likely to be viewed positively by investors, as it suggests a continued and potentially enhanced revenue stream from KEDRAB sales in the U.S. This strategic partnership can lead to increased investor confidence in Kamada's market position and future financial performance, thus potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100