Sharps Technology's SC Facility Asset Purchase And Syringe Sales Agreement Will Pave The Way To Begin Producing Prefillable Specialty Copolymer Syringes In The U.S.
Portfolio Pulse from Benzinga Newsdesk
Sharps Technology has announced the acquisition of InjectEZ and a Syringe Sales Agreement, positioning itself in the U.S. prefillable syringe industry. The agreement secures over $200 million in product orders for the first five years, with additional commitments being negotiated. Shipments are expected to begin by Q2 2025.
May 31, 2024 | 12:38 pm
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Sharps Technology has acquired InjectEZ and signed a Syringe Sales Agreement, securing over $200 million in product orders for the first five years. The company is also negotiating additional commitments, with shipments expected to begin by Q2 2025.
The acquisition of InjectEZ and the Syringe Sales Agreement significantly strengthen Sharps Technology's position in the U.S. prefillable syringe market. The secured orders and ongoing negotiations for additional commitments indicate strong future revenue potential, likely boosting investor confidence and positively impacting the stock price in the short term.
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