Helius Medical Technologies shares are trading higher after the company announced a partnership with Lovell Government Services to make its PoNS device available to federal healthcare systems.
Portfolio Pulse from Benzinga Newsdesk
Helius Medical Technologies' stock is trading higher following the announcement of a partnership with Lovell Government Services to distribute its PoNS device to federal healthcare systems.
April 03, 2024 | 11:36 am
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Helius Medical Technologies announced a partnership with Lovell Government Services to distribute its PoNS device to federal healthcare systems, leading to a rise in its stock price.
The partnership with Lovell Government Services is a significant development for Helius Medical Technologies, as it opens up a new and potentially large market for its PoNS device within federal healthcare systems. This development is likely to be viewed positively by investors, as it represents both a revenue opportunity and a validation of the company's technology, thus leading to an increase in stock price.
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IMPORTANCE 90
RELEVANCE 100