Algorae Awarded NSW Health Public Hospital Supply Contract
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| Stock | Algorae Pharmaceuticals Ltd (1AI.ASX) |
|---|---|
| Release Time | 1 Jul 2026, 9:03 a.m. |
| Price Sensitive | Yes |
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Algorae Awarded NSW Health Public Hospital Supply Contract
Key Points
- Algorae awarded a public hospital supply contract with NSW Health.
- Initial contract term of three years, with two optional one-year extensions.
- Onboarding and rollout underway, first supply expected in Q4 2026.
- Contract terms, including pricing and volumes, are confidential.
Full Summary
Algorae Pharmaceuticals Ltd (ASX: 1AI) has been awarded a public hospital supply contract with NSW Health following a competitive tender process. The contract is for an initial term of three years, with two optional one-year extensions. The terms, including pricing and volumes, are confidential, and the financial impact cannot be quantified at this time. Revenue from the agreement will be recognized within the company's total product revenue. The company will provide updates on future tender awards in its quarterly activities report.
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