Virax Biolabs shares are trading higher after the company announced a distribution agreement with Europa Biosite to commercialize the ImmuneSelect research-use portfolio in the United Kingdom and Ireland.
Portfolio Pulse from Benzinga Newsdesk
Virax Biolabs shares rose following a distribution agreement with Europa Biosite to commercialize the ImmuneSelect research-use portfolio in the UK and Ireland.
October 23, 2024 | 11:24 am
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Virax Biolabs shares increased due to a new distribution agreement with Europa Biosite, enhancing their market presence in the UK and Ireland.
The distribution agreement with Europa Biosite is likely to expand Virax Biolabs' market reach in the UK and Ireland, potentially increasing sales and revenue. This positive development has led to a rise in the company's stock price.
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