Business
Why the Universal Biosensors (ASX:UBI) share price is up 5% today
The Universal Biosensors, Inc. (ASX: UBI) share price is on the rise today after the company announced that it has signed a new deal with LifeScan.
During mid-morning trade, shares in the medical diagnostics company reached an intraday high of 46 cents. However, the Universal share price has since retreated to 41 cents, up 5.1%.
Quick take on Universal
Universal is a specialist medical diagnostics company that focuses on the research, development, manufacture and commercialisation of diagnostic devices. Used by both consumers and professionals, these test systems can be adopted in an array of point-of-care (POC) settings.
According to Universal, the POC diagnostic market is worth US$15 billion a year.
What’s driving the Universal…
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