Overview
- Wellgistics Health and Datavault AI disclosed a non-binding letter of intent to integrate Datavault's blockchain-enabled PharmacyChain smart contract system into Wellgistics' distribution infrastructure.
- WGRX climbed roughly 88% in after-hours trading Thursday and surged more than 200% Friday afternoon to about $1.23, according to Benzinga Pro data.
- PharmacyChain is intended to create end-to-end digital tracking from prescription to fulfillment to improve transparency, efficiency, and patient safety, the companies said.
- Both firms said they are exploring a revenue-sharing model based on PharmacyChain usage fees, with final commercial terms to be determined after further negotiations.
- Recent context includes Wellgistics' launch of HubRx AI for pharmacies and a depressed share price over the past year, with both companies listed on Nasdaq under tickers WGRX and DVLT.