By Adam L. Cataldo
Shares of NANO-X Imaging rose Tuesday after the company said it entered into a new manufacturing and supply agreement with Varex Imaging
The stock advanced 11% to $7.50 on volume more than double its 52-week average. The shares have gained 18% in the last five days, but are little changed since the start of the year.
NANO-X said that under the agreement Varex, a designer and manufacturer of X-ray imaging components, will supply X-ray tubes utilizing the Nanox digital X-ray source for the Nanox.ARC system
The Nanox.ARC is a 3D tomosynthesis multisource imaging system that uses a proprietary and novel digital cathode X-ray source. Nanox said it believes the system can achieve the same functionalities as legacy X-ray cathodes, while allowing for lower-cost production.
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