Virax Biolabs shares are trading higher after the company announced a distribution agreement to commercialize Mpox virus RT-PCR detection kits in Europe and the Middle East.
Portfolio Pulse from Benzinga Newsdesk
Virax Biolabs shares rose following a distribution agreement to commercialize Mpox virus RT-PCR detection kits in Europe and the Middle East.
August 28, 2024 | 11:21 am
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Virax Biolabs shares increased due to a new distribution agreement for Mpox virus RT-PCR detection kits in Europe and the Middle East.
The announcement of a distribution agreement for a new product in significant markets like Europe and the Middle East is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100