BUZZ-Australia's Universal Biosensor gains on distribution deal for US market

reuters11-08
BUZZ-Australia's Universal Biosensor gains on distribution deal for US market

** Universal Biosensor UBI.AX rises 6% to A$0.133; set for its biggest pct gain since Oct. 21

** Biosensor developer signs Henry Schein HSIC.O as its first distribution partner in the U.S. for medical device Xprecia Prime

** Says HSIC will be its non-exclusive distributor for a year, with annual extensions by agreement

** Stock hits its highest since Oct. 30

** UNI down ~29% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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