Universal Biosensors (ASX:UBI) share price dips despite latest update

The Universal Biosensors Inc (ASX: UBI) share price is edging lower today. As of writing, shares in the medical diagnostics company are trading for 73 cents each, down 1.3%. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.02% lower.

Today’s price movement comes after the company announced another deal to distribute one of its products – this one in South Africa.

Let’s take a closer look at today’s news and what it means for the Universal Biosensors share price.

What’s up with the Universal Biosensors share price?

In a statement to the ASX, Universal Biosensors advised it has entered a nonexclusive agreement with…

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