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Wellnex Life Ltd ( (AU:WNX) ) has issued an update.
Wellnex Life Limited has appointed Storelink Sales Limited as its distribution partner to expand its innovative brands into the New Zealand market. This strategic move follows the successful relaunch of its Pain Away brand and aims to capitalize on grocery and pharmacy channel opportunities in New Zealand. The collaboration with Storelink is expected to enhance brand awareness and drive growth in regional markets, aligning with Wellnex Life’s broader strategy to expand its market presence beyond Australia.
The most recent analyst rating on (AU:WNX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Wellnex Life Ltd stock, see the AU:WNX Stock Forecast page.
More about Wellnex Life Ltd
Wellnex Life Limited is a consumer healthcare business that develops, licenses, and markets registered products and brands within the healthcare market segment. Since its ASX listing in 2021, the company has launched various brands and products available in major retailers, pharmacies, and supermarkets. Wellnex Life has secured significant licensing arrangements with major pharmaceutical companies, enhancing its global distribution footprint. The acquisition of the Australian topical pain relief brand Pain Away in December 2023 has further accelerated its growth and reinforced its position in the healthcare market.
YTD Price Performance: -56.52%
Average Trading Volume: 58,339
Technical Sentiment Signal: Sell
Current Market Cap: A$17.62M
For detailed information about WNX stock, go to TipRanks’ Stock Analysis page.