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Under The Radar Stock MDGS Gains 108.5%

The stock, Medigus Ltd. (MDGS), featured on our 'Under The Radar' on April 27, 2020, at an opening price of $2.47. On May 1, 2020, the stock touched a 52-week high of $5.15, representing a gain of 108.5%, and closed Friday's trade at $3.55.

Why we published this stock?

Medigus signed a collaboration agreement with L-1 Systems Ltd. to jointly commercialize various COVID-19 related products and solutions to governmental agencies and institutional healthcare organizations.

The agreement marks the second collaboration between Medigus and L1 Systems following the previously disclosed agreement for the commercialization and licensing of the MUSE system in Latin America.

Further, the collaboration seeks to capitalize on the synergies derived from L1 System’s strong supply chain connections and Medigus’ medical experience and network.

On April 24, Medigus announced signing of a binding letter of intent with Polyrizon Ltd., private company engaged in developing biological gels for the purpose of protecting patients against biological threats.

As part of the principal terms of the letter of intent, Medigus and Polyrizon would enter a commercial arrangement for the joint marketing and commercialization of Polyrizon products based on a revenue share model, focusing on a unique Biogel for the protection from COVID-19 virus.

The company noted that the commercial arrangement grants Medigus an exclusive right to market, resell and distribute Polyrizon’s products for a period of four years, commencing upon and subject to receipt of the requisite FDA approvals for the products.

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