Renerve (ASX:RNV) signed an agreement with information technology services provider NetCentrix Ventures to pursue regulatory approval for its nerve cuff product NervAlign in India, according to a Thursday filing with the Australian bourse.
Under the deal, NetCentrix will assist ReNerve with testing, validation, and regulatory approvals through its Indian government partnerships, the filing said.
Shares of the company rose 10% in recent Thursday trade.