Skyline Medical Shares Soar After Announcing UK Distribution Deal
Skyline Medical shares were up more than 20% after signing a U.K distribution deal with GLG Pharma.
Skyline Medical (SKLN) was up sharply Tuesday after the medical-device manufacturer announced a distribution deal granting GLG Pharma exclusive rights to market and distribute the company's direct-to-drain medical fluid disposal system, Streamway, in the U.K. GLG will be responsible for all sales and marketing activities. The U.K. market features 3,600 operating rooms that could benefit from the Streamway device.
