INVO Bioscience, Inc. (NASDAQ: INVO) shares were booming more than 107% to $6.44 in the pre-market session. Throughout the last five trading days, INVOstock has achieved a range of $3.00-$3.70. It has performed -6.61 percent during that period. Meanwhile, this stock has traded between $2.98 and $4.50 in the past month, changing by -10.89%. In the past three months, the stock has gained +0.43%, trading between $2.90 and $4.50.
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INVO Bioscience, Inc. (NASDAQ: INVO) announced on March 8, 2021, it had amended its exclusive U.S. commercialization agreement with Ferring Pharmaceuticals. An amendment to the agreement states that INVO company-owned clinics will be able to open a greater number of clinics initially allowed by the agreement.
The CEO of INVO Bioscience stock, Steve Shum, stated, We are pleased we were able to complete this amendment with our US partner, Ferring. Our shared aim of growing the use of INVOcell in the U.S. reflects the strength of our ongoing collaboration. Also, we believe that our dedicated clinic approach is an important channel in increasing awareness and market adoption. Hence, we believe that this strategy will increase industry capacity, raise consumer affordability and facilitate greater patient access. Our initial U.S. activities are expected to be reported in the future.
The amendment also adjusted the minimum annual contract purchase requirement for 2020 by Ferring, whereby INVO Bioscience, Inc. (NASDAQ: INVO)will generate $501,000 first-quarter revenue from the Ferring order.
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