Business
Why the Genetic Signatures (ASX:GSS) share price is rocketing 25% higher
The Genetic Signatures Ltd (ASX: GSS) share price is rocketing higher on Wednesday after the release of an announcement.
In afternoon trade the specialist molecular diagnostics company’s shares are up almost 25% to $2.12.
Why is the Genetic Signatures share price rocketing higher?
Investors have been fighting to get hold of the company’s shares this afternoon after it announced a major new customer win.
According to the release, the company has signed a deal with Boston Medical Center (BMC) of Boston, Massachusetts, to supply EasyScreen SARS-CoV-2 Detection Kits.
Management notes that the new supply agreement will provide BMC with an expanded testing capability and that it has been signed during a particularly challenging phase…
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