By Sabela Ojea
Shares of Precipio on Wednesday climbed after the cancer-diagnostics company said it would distribute its products in Japan.
At 10:59 a.m. ET, shares were up 11%, at $5.85. The stock has dropped 65% in the past 12 months.
Precipio said it entered into an agreement with a Japanese distributor for the sales and distribution of its products in the market.
The distributor has secured a purchase order from a clinical laboratory based in Japan. The first shipment is expected to be delivered at the end of the first quarter of the year.
The parties have entered into a multiple year commitment to distribute Precipio’s current and upcoming products, and bring diagnostic advancements to a broad range of customers in the Japanese market, the company said.
Write to Sabela Ojea at [email protected]
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