Micro-X saw shares rise today after it said its distribution partner Carestream Health won FDA 510(k) clearance for its DRX Revolution Nano X-ray device.
The Australian company said that the clearance is the 1st for a carbon nano-tube powered X-ray device.
“We are pleased and proud to have achieved this highly significant milestone in the Nano’s commercialization program. Our focus now is on supporting Carestream’s upcoming trade trials and preparations for volume production at Tonsley with our supply chain partners,” managing director Peter Rowland said in a press release
Shares at Micro-X gained as much as 18.8% today, the company’s biggest intra-day percentage gain since March 17, and closed up 10.6%.
Last December, Carestream Health said it won a $571 million contract with the Department of Defense to supply it with radiology systems, accessories and training, according to a DoD release.
The 5-year firm-fixed-price, indefinite-deliver, indefinite-quantity contract will position Carestream to supply equipment to the Air Force, Army, Navy, Marine Corps and federal civilian agencies.