Precipio And Cardinal Health Sign Distribution Agreement For Its HemeScreen Portfolio Of Molecular Assays For Cancer
Portfolio Pulse from Benzinga Newsdesk
Precipio, Inc. (NASDAQ:PRPO) has signed a distribution agreement with Cardinal Health for its HemeScreen molecular assay products. This agreement allows Cardinal Health to market and distribute Precipio's HemeScreen portfolio to its extensive customer base, including hospital networks, reference laboratories, and physician-owned laboratories. This partnership is expected to strengthen Precipio's distribution network and position it for growth in 2024, alongside existing agreements with Fisher Healthcare and McKesson.
February 06, 2024 | 3:00 pm
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POSITIVE IMPACT
Cardinal Health's new distribution agreement with Precipio to market and distribute the HemeScreen portfolio could enhance its product offerings and potentially increase its customer base in the healthcare sector.
By adding Precipio's HemeScreen portfolio to its distribution lineup, Cardinal Health is likely to see a positive impact on its stock price in the short term due to the potential for increased sales and an enhanced product offering in the healthcare sector.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Precipio's partnership with Cardinal Health for the distribution of its HemeScreen portfolio is expected to significantly expand its market reach and strengthen its distribution network, positioning it for growth in 2024.
The distribution agreement with Cardinal Health, a major player in the healthcare sector, is likely to increase Precipio's product accessibility and sales, positively impacting its stock price in the short term due to the expanded market reach and potential revenue growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90