Motus GI Shares Take Flight on Key Veterans Health Designations
By Colin Kellaher
Shares of Motus GI Holdings Inc. surged nearly 60% in early
trading Thursday after the medical-technology company said it
received sole-source provider and small-business designations from
the Veterans Health Administration.
The Fort Lauderdale, Fla., company said the designations give it
direct access to the agency's procurement arm, which it said
streamlines the purchasing and contracting process.
Motus GI said it has already executed multiple contracts with
Veterans Affairs medical centers under the sole-source-supplier
designation for its Pure-Vu EVS system, with additional centers
Motus GI shares were recently changing hands at $3.70, up about
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(END) Dow Jones Newswires
September 29, 2022 10:12 ET (14:12 GMT)
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