Sharps Technology shares are trading higher after the company signed a 5-year $200 million syringe sales agreement with Nephron Pharmaceuticals.
Portfolio Pulse from Benzinga Newsdesk
Sharps Technology shares are trading higher after the company signed a 5-year $200 million syringe sales agreement with Nephron Pharmaceuticals.
May 30, 2024 | 12:41 pm
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Sharps Technology (STSS) shares are trading higher following the announcement of a 5-year $200 million syringe sales agreement with Nephron Pharmaceuticals. This significant partnership is expected to boost the company's revenue and market position.
The $200 million sales agreement is a substantial deal for Sharps Technology, likely to significantly increase its revenue over the next five years. The market has reacted positively, as evidenced by the rise in share price.
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