Tivic Health Systems Stock Rises 10% After New Distribution Agreement

Dow Jones01-30

By Chris Wack

Tivic Health Systems shares were up 10% at $1.51 after the company entered into a limited exclusive distribution agreement with a top 10 medical equipment distributor and supplier in the U.S.

The stock hit its 52-week low of $1.15 on Nov. 3, and is 98% lower in the past 12 months.

Under the terms of the agreement, the new distributor will have certain exclusive distribution rights for Tivic Health's ClearUP product for Walmart, Target, eBay and Kroger, as well as non-exclusive distribution rights in other specified online channels.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 30, 2024 10:03 ET (15:03 GMT)

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