Australia's 4DMedical surges on Philips pact expansion, $9.9 mln order pledge through 2027

Shares of 4DMedical 4DX.AX jump as much as 18.43% to A$1.960, posting their biggest intraday pct gain since October 3

Stock hits its highest level since October 24

Medtech firm announces a major expansion of its distribution pact with Netherlands-based Koninklijke Philips NV PHG.AS for co's medical imaging software CT:VQ

PHG will fold CT:VQ into its North American lineup under an expanded pact, leveraging its commercial reach and customer network to drive distribution

PHG has committed to at least A$15 million ($9.86 million) in customer orders across CY26 and CY27, under deal

Over 3.5 mln shares change hands, 1.2x the 30-day avg

Stock skyrockets to gain 291.67% YTD

($1 = 1.5214 Australian dollars)