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Why the MedAdvisor (ASX:MDR) share price jumped 9% on Friday // Motley Fool Australia
The MedAdvisor Ltd (ASX: MDR) share price was a strong performer on Friday.
The medication management platform provider’s shares were up as much as 9% to 42.5 cents at one stage.
The MedAdvisor share price ultimately ended the day 6.5% higher at 41.5 cents.
Why did the MedAdvisor share price shoot higher?
Investors were buying MedAdvisor’s shares on Friday after the release of a positive announcement relating to its US activities.
According to the release, the company has extended its US digital secure messaging pilot with a major top 10 global pharmaceutical company. It will now continue through until the end of calendar year 2021.
Management advised that the program, which is a partnership with its newly acquired Adheris…
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