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The latest announcement is out from Wellgistics Health Inc ( (WGRX) ).
On November 24, 2025, Wellgistics Health, Inc. entered into a license agreement with DataVault AI Inc. to use intellectual property for developing blockchain-enabled smart contracts in the prescription drug industry. This strategic move aims to enhance Wellgistics’ PharmacyChain™ technology, potentially positioning the company as a leader in the $634 billion prescription drug industry. The agreement involves a $2.5 million license fee and a royalty structure, with implications for reducing costs and improving efficiency in drug distribution. The partnership is expected to disrupt the industry by minimizing PBM rebates and increasing transparency for payers, ultimately benefiting various stakeholders in the healthcare ecosystem.
More about Wellgistics Health Inc
Wellgistics Health, Inc. is a health IT company specializing in optimizing medication delivery from manufacturers to patients. It connects over 6,500 pharmacies and 200 manufacturers, offering services like wholesale distribution, digital prescription routing, direct-to-patient delivery, and AI-powered hub services.
Average Trading Volume: 14,213,182
Technical Sentiment Signal: Strong Sell
Current Market Cap: $45.89M
See more data about WGRX stock on TipRanks’ Stock Analysis page.