BUZZ-Australia's Enlitic gains on distribution deal with Bayer Healthcare

Reuters

Oct 16, 2024

** Shares of Enlitic rise 14.1% to A$0.073, set for best day since Sept. 30, if current gains hold

** Healthcare technology firm says it has signed a three-year distribution contract with multinational biomedical co Bayer Healthcare

** Under the contract, Enlitic says its software application ENDEX will be distributed alongside Bayer's radiation dose management proprietary software products

** In a separate statement, ENL says medical technology co Philips Healthcare has agreed to use its ENDEX platform

** Expects the agreement to contribute between $100,000 and $380,000 per annum to its revenue - ENL

** ENL stock down 92.6% YTD

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))

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