Wellgistics Health Stock Surges 88% on Datavault AI Blockchain Partnership

Wellgistics Health Stock Surges 88% on Datavault AI Blockchain Partnership

Table of Contents

TLDR

  • Wellgistics Health stock jumped 88% hours after announcing its blockchain partnership with Datavault AI
  • The companies signed a letter of intent to integrate PharmacyChain blockchain technology to track prescriptions
  • The partnership will use a revenue sharing model based on PharmacyChain usage fees
  • Datavault AI recently opened new technology centers in Philadelphia, Georgia, and London to expand its operations
  • Wellgistics Health recently launched HubRx AI, an AI agent engine for pharmacies

Wellgistics Health Inc. shares rose. by 87.89% in after-hours trading on Thursday, to $0.76 per share. The stock closed the regular session at $0.40, posting a 9.04% gain before rising after hours.



Wellgistics Health, Inc., WGRX

The increase came after Wellgistics Health announced a non-binding letter of intent with Datavault AI Inc. The agreement focuses on integrating blockchain technology into Wellgistics’ healthcare infrastructure. Datavault AI is a data science technology company listed on the Nasdaq under the ticker DVLT.

The partnership focuses on Datavault’s PharmacyChain smart contract technology. This blockchain-enabled system will be integrated into Wellgistics’ existing operations. The goal is to digitize prescription tracking from initial script to final fulfillment.

The companies stated that the technology will provide accurate and transparent delivery tracking. It aims to support patient safety and improve healthcare outcomes. The blockchain approach creates an immutable record of prescription handling throughout the supply chain.

Revenue sharing model

The two companies are working on revenue-sharing arrangements. The model will be based on the PharmacyChain usage fee. The final terms will be determined through additional negotiations between the two parties.

This partnership comes as Wellgistics Health expands its technology offerings. The company recently unveiled HubRx AI, a customizable AI agent engine. The product is specifically designed for pharmacy operations.

Wellgistics Health has a market cap of $36.71 million. The stock has a 52-week trading range between $0.34 and $7.04. Over the past year, the stock price has fallen by 89.43%.

Datavault AI stock rose 8.42% to $2.32 on Wednesday. This increase came after the announcement of the company’s global expansion plans. Datavault AI opens new technology centers across multiple locations.

Datavault AI expansion plans

The company moved its headquarters to downtown Philadelphia. The move supports East Coast market operations and provides access to university partnerships. Drexel University, the University of Pennsylvania and Penn State provide the company’s talent pipelines.

Datavault AI has launched an artificial intelligence hub and Quantum computing Excellence in Sandy Springs, Georgia. The facility covers 180,000 square feet across an eight-story building. The center will focus on advanced artificial intelligence and quantum system development.

The company has also opened a digital and quantum embassy in Knightsbridge, London. This center will support European operations and access to token asset markets. Julian Asher will lead the 1571 initiative from the London office.

The 1571 platform focuses on art, luxury goods and collectibles. It uses smart contracts and patented tools to value assets. The London center includes a gallery space to display works.

Datavault AI is hiring blockchain and systems integration professionals. The company partners with Georgia Tech and the University of Georgia for recruiting. The infrastructure includes on-site data centers to quickly disseminate research.

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