Renalytix Plc shares are trading higher after the company announced that effective Mar. 1, the US approved adding the company's kidneyintelX.dkd to its 10-year Governmentwide Acquisition Contract.
Portfolio Pulse from Benzinga Newsdesk
Renalytix Plc shares are trading higher following the announcement that the US has approved adding the company's kidneyintelX.dkd to its 10-year Governmentwide Acquisition Contract, effective Mar. 1.
February 29, 2024 | 3:36 pm
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POSITIVE IMPACT
Renalytix Plc's stock is experiencing an uptick following the US government's approval of kidneyintelX.dkd for its 10-year acquisition contract.
The approval of Renalytix's kidneyintelX.dkd by the US government for a significant 10-year contract directly impacts the company's potential revenue and market positioning. This regulatory approval is a strong positive signal to investors, likely leading to increased investor confidence and a higher stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100