Massive Premarket Buying Pressure Following New Agreement Announcement

Massive Premarket Buying Pressure Following New Agreement Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, August 29, 2023

A California-based healthcare company is turning heads on Tuesday after the company announced that its patented ClearUp bioelectronic sinus pain relief device will be sold on AmerisourceBergen Marketplace after the company signed a non-exclusive agreement with AmerisourceBergen.

Traders obviously felt that this new agreement would increase exposures and sales for Tivic Health Systems Inc. (Nasdaq:TIVC) as they quickly bid up shares during premarket hours, with shares currently bid at $3.96/share (+104.12% implied open for sellers) at the time of writing. It should be a very exciting session for this micro cap!

Tivic Health Systems Inc is a commercial stage bioelectronic medicine company focused on treating diseases and conditions by modulating the electrical signals carried along various nerve pathways. It focus on non-invasive products that offer consumers choice in the treatment of inflammation and related conditions.


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