Wellgistics Health Stock Surges 88% After Hours on Blockchain Partnership with Datavault AI
Wellgistics Health Inc. (NASDAQ: WGRX) saw its shares jump an impressive 87.89% in after-hours trading on Thursday, closing the extended session at $0.76 per share. This surge followed the stock’s regular session close at $0.40, representing a 9.04% gain before hours.
The significant upward movement came on the heels of Wellgistics Health announcing a non-binding letter of intent (LOI) with Datavault AI Inc. (NASDAQ: DVLT) to integrate blockchain technology into Wellgistics’ healthcare infrastructure.
### Partnership Overview: Integrating PharmacyChain Blockchain Technology
The agreement focuses on leveraging Datavault AI’s PharmacyChain smart contract technology—a blockchain-enabled system designed to digitize prescription tracking from the initial script to final fulfillment. This integration aims to provide accurate, transparent delivery tracking, enhancing patient safety and improving overall healthcare outcomes.
By creating an immutable record of prescription handling throughout the supply chain, the technology is expected to significantly improve prescription transparency and security.
### Revenue Sharing Model
Wellgistics Health and Datavault AI are working towards a revenue-sharing arrangement based on the usage fees of the PharmacyChain system. The precise terms of this model are still under negotiation and will be finalized between both parties.
### Wellgistics Health Advances with AI Technology
This partnership comes as Wellgistics Health expands its technology offerings. The company recently launched HubRx AI, a customizable artificial intelligence agent engine specifically designed for pharmacy operations. This AI-driven product highlights Wellgistics’ commitment to innovative solutions within the healthcare sector.
Wellgistics Health currently holds a market capitalization of $36.71 million. Despite the recent stock decline of 89.43% over the past year, this latest development signals potential growth opportunities.
### Datavault AI’s Global Expansion and Technological Growth
Datavault AI stock also experienced a rise, increasing 8.42% to $2.32 on Wednesday amid announcements of its global expansion plans.
The company recently relocated its corporate headquarters to downtown Philadelphia to support East Coast market operations and enhance university partnerships. Institutions like Drexel University, the University of Pennsylvania, and Penn State serve as valuable talent pipelines for Datavault AI.
Additionally, Datavault AI launched a Center for AI and Quantum Computing Excellence in Sandy Springs, Georgia. Spanning 180,000 square feet across an eight-story building, this center will focus on developing advanced AI and quantum systems.
### London Quantum Hub and 1571 Initiative
Datavault AI also opened a quantum and digital twin embassy in Knightsbridge, London, aimed at supporting European operations and providing access to tokenized asset markets. Julian Usher will lead the 1571 initiative from the London office, a platform specializing in art, luxury goods, and collectibles.
The 1571 platform utilizes smart contracts and patented tools for asset valuation, with the London center including a gallery space for showcasing various works.
### Hiring and Research Partnerships
To fuel its growth, Datavault AI is actively hiring professionals skilled in blockchain and systems integration. The company has partnered with Georgia Tech and the University of Georgia to support recruitment efforts.
Additionally, the infrastructure includes on-site data centers to enable rapid research deployment, reinforcing Datavault AI’s commitment to innovation and technological excellence.
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This strategic collaboration between Wellgistics Health and Datavault AI highlights the growing intersection of blockchain technology and healthcare, promising enhanced transparency and efficiency in prescription management. Investors and industry observers will be watching closely as integration efforts progress.
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