The Trxade Health Inc (better known as Bonum Health) (NASDAQ:MEDS) stock has emerged as one of the biggest gains today and has clocked gains of 95% so far this morning.
The company, which operates an all in one medicine procurement, healthcare and medicine deliver platform, announced this morning that it has signed a Telemedicine Service Distribution Deal with Big Y Pharmacy and Wellness Centers. This deal is going to be applicable for all the supermarkets located in Connecticut and Massachusetts. It is a significant deal for Bonum Health and it is no surprise that its stock has gone on a strong rally this morning.
Bonum Health will be involved in providing telemedicine services to the Big Y customers at an affordable rate by way of its Mobile Health Services and prescriber program. The program boasts of as many as 600 certified healthcare providers and is expected to provide robust support to patients.
However, that is not all. There is going to be another major benefit for Big Y customers. They are going to get access to prescription discounts that are available to Bonum Health customers. At a time when the number of uninsured individuals are rising, more and more customers are looking for affordable health services and this deal seeks to fulfil that demand.
Market Action:
As of 12:04, MEDS stock soared 74% at $7.69. The stock has traded 75 million shares, compared to its average volume of 3.38 million shares. The stock opened at $7.96 and moved in a range of $ 6.97 – 9.49.
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