D. Medical Industries Ltd. (DMED) jumped the most since 2004 as units agreed a distribution deal with a South Korean company.
The shares soared 60 percent, the most since November 2004, to 2.12 shekels, pushing the company’s market capitalization to 22.9 million shekels ($6 million).
The deal is for the distribution of the Spring Universal Detach Infusion Sets with an estimated minimum order value of $5 million, according to a company statement.
To contact the reporter on this story: David Wainer in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com