New deal with GE sends Nanosonics surging

The biotech stock surged on news global giant GE had made an investment in the company's product.

Nanosonics (NAN) surged to a 27-month high today on news that GE has made a fresh investment to bolster the rollout of Nanosonics’ ultrasound probe disinfection device.

The global conglomerate will establish a dedicated North American sales team to push out the device to medical facilities in the US and Canada, and is an important sign that GE is committed to driving sales of Nanosonics’ flagship product.

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