GlobalSpace Technologies gains on partnering with CCI

The shares of GlobalSpace Technologies were trading in the green on Friday after the company informed about its strategic partnership with Chest Council of India (CCI). The two companies have entered into this alliance under which the company will provide its DocExa Pro platform to CCI and its entire member base.

DocExa, the first artificial intelligence (AI) enabled virtual consultation platform has received quite positive acceptance amongst the medical fraternity, both from the Pharma companies and from doctors as well within a short span of time since its formal launch.

The partnership with CII is a major leap forward by GlobalSpace as it will add another list of specialist doctors, chest physicians to DocExa platform. Thus, DocExa will have more category-wise specialist doctors for consulting under its banner. This is expected to substantially increase the wallet share for GlobalSpace towards the healthcare spend. With a distinguished early mover advantage and superior platform, the company is poised to garner a larger pie of healthcare spends.

Commenting on the development, Krishna Singh, Founder & CMD GlobalSpace Technologies stated that the alliance would give a substantial large platform for scaling the company’s DocExa reach and garnering a substantial market share in the digital healthcare space.

At 12 pm on Friday, the stock of GlobalSpace Technologies was trading at Rs 116 per share, up by 3.80 per cent or Rs 4.25 per share on BSE, against a 0.81 per cent gain in the benchmark index. The 52-week high is recorded at Rs 123.75 and the 52-week low is Rs 44 on BSE.