INBS stock surges 160% as Intelligent Bio Solutions strikes manufacturing deal targeting 40% cost cuts
NEW YORK, December 31, 2025, 13:04 ET — Regular session Intelligent Bio Solutions Inc shares surged on Wednesday after the company said it struck a new manufacturing partnership aimed at lowering costs for its fingerprint-based drug testing device. The stock was up $6.56, or about 160%, at $10.66 by 1:04 p.m. ET. Google The announcement matters now because Intelligent Bio is trying to improve its unit economics as it scales. The company said the partnership should drive annual production cost savings of more than 40%, translating to an expected improvement of about 20 percentage points in gross margin. Gross margin