Wellgistics Health Inc. (NASDAQ: WGRX) shares soared 87.89% after hours Thursday, closing at $0.76.
View the current WGRX stock price here.
According to Benzinga Pro data, Wellgistics Health closed Thursday’s regular session at $0.40, up 9.04%.
Partnership announcement
Wellgistics Health has signed a non-binding letter of intent with Datavault AI Inc. (NASDAQ: DVLT), a data science technology company, to integrate Datavault’s blockchain-enabled PharmacyChain™ smart contract technology into Wellgistics’ infrastructure.
Technological objective and commercial terms
The integration aims to digitize prescription tracking from script to fill, providing accurate, transparent and efficient delivery while promoting patient safety and better outcomes, the companies said.
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The companies are exploring a revenue sharing model based on fees for using “PharmacyChain,” with final terms to be determined following further negotiations.
Launch of HubRx AI
Health technology company Wellgistics Health recently unveiled HubRx AI, a customizable artificial intelligence agent engine designed for pharmacies.
Stock performance
The pharmaceutical logistics company has a 52-week trading range of $0.34 to $7.04 and a market cap of $36.71 million – the stock price is down 89.43% over the past year.
Benzinga’s Edge Stock Rankings indicate that WGRX has a negative price trend in all time periods. Know how his momentum lines up with other well-known names.
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Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
