BUZZ-Australia's Memphasys surges on exclusive deal with Qatar co

Reuters09-08

BUZZ-Australia's <a href="https://laohu8.com/S/MEM.AU">Memphasys</a> surges on exclusive deal with Qatar co

** Memphasys MEM.AX surges as much as 71.4% to A$0.006; set for strongest session since August 18, 2022

** Stock hits highest since June 30

** Medical devices maker signs exclusive master distribution agreement with Qatar-based International Technical Legacy (ITL), which specialises in IVF services

** Deal grants ITL exclusive commercial, distribution rights for Felix male fertility sperm preparation system across 15 countries in Middle East and North Africa (MENA)

** Co says ITL will place initial binding order for Felix cartridges valued at A$325,000 ($213,135)

** About 16 million shares traded, 10.3x the 30-day avg

** YTD, MEM falls 25%

($1 = A$1.5249)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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