The latest announcement is out from Tivic Health Systems (TIVC).
Tivic Health Systems, Inc. has terminated its Fulfillment Services Agreement with ALOM Technologies Corporation, originally signed in 2022, to cut down on manufacturing and distribution costs. The company faced no significant penalties for the termination and has smoothly transitioned to alternative suppliers and in-house operations to meet customer demand. The termination comes as part of Tivic Health’s strategic cost reduction efforts, and the company is well-equipped to continue service without interruption.
For a thorough assessment of TIVC stock, go to TipRanks’ Stock Analysis page.
