Shares of Nano-X Imaging Ltd (NASDAQ:NNOX) are trading higher on Tuesday after the company announced that its subsidiary, Nanox.AI, is advancing a commercial collaboration with Dosy Health to support the planned commercialization of its CT-based cardiac solution in Thailand.
- Nano-X Imaging shares are climbing with conviction. What’s fueling NNOX momentum?
Nanox.AI Takes Its Cardiac CT Software to Thailand
Nanox.AI announced a distribution agreement with Dosy Health for HealthCCSng, its cardiac CT software, in Thailand. The companies have signed a distribution agreement, but commercialization remains subject to definitive agreements, regulatory requirements and market-development progress. The agreement adds to Nano-x’s push to expand its international commercial footprint.
“Expanding our international presence is a key part of Nanox.AI’s commercialization strategy,” said Erez Meltzer, CEO and acting chairman of Nanox.
Meltzer added that the company aims to pair its imaging analytics with Dosy’s local market knowledge and software-integration capabilities to “help clinicians see what matters” and to build a foundation for future commercial opportunities.
The Deal Comes as Nano-X Cuts Costs
The announcement comes after Nano-x said on Monday that its board approved a plan to cut annualized operating expenses by 25% to 30% compared with 2026 levels, with full implementation expected by the end of the first quarter of 2027. The plan includes about $2 million in savings already announced from restructuring its South Korea operations, along with a reduction in the global workforce.
The company said restructuring payments may increase cash outflows in the near term. It also said it will need additional financing, which may not be available on acceptable terms, or at all. That makes new commercial deals like the Thailand collaboration important for the story investors want to believe.
NNOX Stock Rebounds From a Record Low
NNOX Price Action: Nano-X Imaging shares were up 38.53% at approximately 32 cents at the time of publication on Tuesday, according to Benzinga Pro. Shares hit an all-time low of $0.2073 on Friday, then reached a high of $0.43 on Tuesday.
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