Belluscura shares up on distribution contract win

Dec 31, 2023

Belluscura PLC - Medical device developer focused on lightweight and portable oxygen enrichment technology - Signs distribution agreement McKesson Medical-Surgical, a subsidiary of McKesson Corp. Says that McKesson delivers a third of all pharmaceuticals used in North America and operates the fourth-largest pharmacy chain in North America. The X-PLOR portable oxygen concentrator will now be available to McKesson's customers through its online catalogue, it notes.

Chief Executive Robert Rauker says: "We are very pleased that McKesson, one of the largest distributors of pharmaceuticals and medical devices in North America, has chosen the X-PLOR to be offered through their catalogue. This significant distribution agreement will mean that more Americans can purchase our devices throughout the country, broadening our product distribution and making supplemental oxygen more easily accessible."

Current stock price: 36.59 pence, up 6.1% on Tuesday

12 month change: down 60%

By Sophie Rose; Alliance News reporter

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