Braster share price soars after contract with Indian partner signed
The value of the Polish company Braster increased from PLN 13 million to PLN 18 million in reaction to information that the company has signed a contract with a partner from India. The contract is for the provision of over 7,000 breast cancer testing devices.
The contract is with Boston Ivy Healthcare Solutions, which will be the distributor of "Braster Pro" along with research packages. The device will be sold in a business model directed to the medical environment. The shares of Braster, listed on the WSE, jumped from PLN 1.42 on Monday to PLN 2 on Tuesday, an increase of 40 percent.
Braster developed a prototype of an innovative medical thermographic tester used for early detection of breast cancer. So far, the device has been offered in over 70 medical centers in Poland. It also went on sale in Bulgaria and Ukraine.
