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D. Medical Soars 60 Percent on $5 Million South Korea Agreement

May 14 (Bloomberg) -- D. Medical Industries Ltd. 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 dwainer3@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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