Core Viewpoint - Cosmos Health has secured a distribution agreement with Pharmalink, which is expected to significantly boost its market presence in the UAE, particularly in affluent areas like Dubai and Abu Dhabi [6][10]. Group 1: Stock Performance - COSM stock has increased by 64.7% as of Friday morning, although it was down 50.4% year-to-date prior to this surge [2]. - The trading volume for COSM shares has seen a significant spike, with over 12.4 million units traded, far exceeding its daily average of approximately 180,000 shares [8]. Group 2: Distribution Agreement Details - The agreement designates Pharmalink as the exclusive distributor of Cosmos Health's Sky Premium Life products in the UAE [10]. - Cosmos Health has already received a purchase order for 130,000 units from Pharmalink and anticipates delivering over 500,000 units in the first year [10]. - The company projects receiving purchase orders exceeding 3 million units over the next five years as a result of this partnership [6].
Why Is Cosmos Health (COSM) Stock Up 65% Today?