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Stock impact report

GTG and ‘Wellworks for You' sign B2B sales & marketing deal covering 750 employer groups and 2 million U.S. employees [Yahoo! Finance]

Genetic Technologies Ltd - American Depositary Shares (GENE) 
US:NASDAQ Investor Relations: gtgcorporate.com/investor-centre
Company Research Source: Yahoo! Finance
genomics-based tests in health, wellness and serious disease, is pleased to announce the execution of a strategic joint sales & marketing agreement with US based Wellworks for You Inc . (Wellworks). As part of the agreement, Wellworks will incorporate the geneType portfolio of tests into its fully flexible, scalable employee wellness solutions for organizations and businesses across the U.S, providing direct access to more than two million personnel. Executing GTG's inaugural Business to Business (B2B) collaboration with U.S. based Wellworks facilitates the company's entry into Wellworks' expansive network of self-insured employers with the geneType Risk Assessment Test portfolio. Assuming a conservative adoption rate of 2% across the Wellworks network, we anticipate this collaboration will generate an impressive 40,000 units in geneType sales in the first year of implementation, potentially scaling to 5% or 100,000 tests in year three. This partnership marks a pivotal milestone i Show less Read more
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