NANO-X, EiLEENO Pharma Ink Distribution Deal For Imaging Solutions In Nigeria

NANO-X Imaging Ltd NNOX signs an exclusive distribution deal with EiLEENO Pharma to deploy Nanox's medical imaging services in Nigeria, marking its entry in West Africa.
The Nanox System is composed of the Nanox.ARC, a medical imaging system incorporating a digital X-ray source, and the Nanox.CLOUD, a companion cloud-based software.
Subject to regulatory approval, Nanox and EiLEENO Pharma will collaborate on the deployment and operation of 1,000 Nanox Systems.
According to the agreement, EiLEENO Pharma will commit to a minimum annual service fee to Nanox.
The agreement has an initial term of four years and is renewable for an additional period of four years.
Price Action: NNOX shares are up 1.25% at $31.59 during the premarket session on the last check Monday.

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