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Monday, April 27, 2020

Medigus up on COVID-19 product collaboration

Nano cap Medigus Ltd. (MDGS +12.6%) is up on a 17x surge in volume in reaction to its collaboration agreement with L-1 Systems Ltd. for the joint commercialization of a range of COVID-19-related products.
Under the terms of the deal, Medigus will earn 50% of the profits from the sale of products it introduces and 5% of the profits for all other products.
The specific line-up of products is not disclosed.
https://seekingalpha.com/news/3564713-medigus-up-13-on-covidminus-19-product-collaboration

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