Cosmos Health shares are trading higher after the company announced that, pursuant to its agreement with Virax Biolabs, it continues to hold the rights to distribute mpox virus real-time PCR detection kits, with exclusive distribution rights in Greece and Cyprus, and non-exclusive distribution rights across Europe.
Portfolio Pulse from Benzinga Newsdesk
Cosmos Health shares rose following the announcement of its continued rights to distribute mpox virus PCR detection kits, with exclusive rights in Greece and Cyprus and non-exclusive rights in Europe.
August 21, 2024 | 4:27 pm
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Cosmos Health shares increased after confirming its distribution rights for mpox virus PCR detection kits, with exclusive rights in Greece and Cyprus and non-exclusive rights in Europe.
The announcement of distribution rights for a health-related product, especially in the context of a virus detection kit, is likely to boost investor confidence and drive up the stock price. The exclusivity in Greece and Cyprus adds significant value.
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IMPORTANCE 80
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