Bloomberg News

Allium Rises to One-Week High on European Marketing Deals

April 16, 2012

Allium Medical Solutions Ltd. (ALMD) advanced to the highest level in a week after the developer of removable stents said a unit signed three European distribution agreements.

The shares rose 3.5 percent to 0.507 shekel, the highest level since April 9, at the 4:30 p.m. close in Tel Aviv, giving the Caesarea-based company a market value of 81.3 million shekels ($22 million).

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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