Wellgistics Health Stock Surges 88% on Datavault AI Blockchain Partnership
Wellgistics Health Inc. shares soared 87.89% in after-hours trading, reaching $0.76 per share following a blockchain partnership announcement with Datavault AI. The non-binding letter of intent aims to integrate PharmacyChain technology for prescription tracking, leveraging a revenue-sharing model based on usage fees.
Datavault AI, a NASDAQ-listed data sciences firm, recently expanded its operations with new tech hubs in Philadelphia, Georgia, and London. Wellgistics Health's recent launch of HubRx AI, an artificial intelligence agent engine for pharmacies, further underscores its push into tech-driven healthcare solutions.
The partnership signals growing institutional interest in blockchain applications beyond cryptocurrency, particularly in supply chain transparency and data integrity. PharmacyChain's direct manufacturer-to-patient model could disrupt traditional pharmaceutical logistics.
