Why Sharps Technology Stock Is Up
Portfolio Pulse from Erica Kollmann
Sharps Technology Inc. (NASDAQ:STSS) shares surged after the company signed a $30 million purchase order with Nephron Pharmaceuticals. This order is part of a larger five-year, $200 million syringe sales agreement. The deal is expected to close by the end of July.
June 13, 2024 | 3:14 pm
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Sharps Technology Inc. (NASDAQ:STSS) shares rose 20% after the company signed a $30 million purchase order with Nephron Pharmaceuticals. This is part of a larger $200 million syringe sales agreement expected to close by the end of July.
The $30 million purchase order and the larger $200 million agreement with Nephron Pharmaceuticals are significant revenue drivers for Sharps Technology. The market has reacted positively, as evidenced by the 20% increase in share price.
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