Why the Alcidion (ASX:ALC) share price is jumping 8% to a 52-week high today

The Alcidion Group Ltd (ASX:ALC) share price has been on fire on Tuesday and is up 8% to a record high this afternoon. Here's why…

| More on:
jump in asx share price represented by man jumping in the air in celebration

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Alcidion Group Ltd (ASX: ALC) share price is charging higher on Tuesday afternoon.

At the time of writing, the healthcare technology company's shares are up 8% to a 52-week high of 26.5 cents.

Why is the Alcidion share price charging higher?

Investors have been pushing Alcidion shares higher today following the release of an announcement after lunch.

According to the release, the company has signed a contract with New Zealand's Te Manawa Taki (TMT) region District Health Boards (DHBs) for a pilot implementation of Better's OPENeP Electronic Medication Management solution.

The release explains that TMT has a vision for the solution to standardise, digitise, and make accessible medication data and decision support while delivering improved patient safety and quality of clinical and service delivery with better information available to support transitions of care and medication treatment.

Alcidion was appointed as a reseller and implementer of the OPENeP solution in April 2019 for the UK, Australia, and New Zealand markets.

This implementation represents the first deployment of the OPENeP solution in the Southern Hemisphere. The company notes that it will provide New Zealand DHBs with choice when selecting closed-loop medication management solutions to improve care delivery and medication safety.

What is OPENeP?

OPENeP, which has just been renamed Better Meds, supports full closed loop medication management. It addresses the five rights – right patient, right drug, right dose, right route, and right time.

The integrated workflow addresses reconciliation, prescribing, clinical pharmacy review and medication administration. It has been developed in collaboration with clinical teams to align with their workflows.

The platform also provides efficiencies, transparency and decision support to the critical care processes associated with medication management.

Alcidion's Managing Director, Kate Quirke, commented: "We are excited to extend our partnership with New Zealand DHBs beyond our Miya Precision, Patientrack and Smartpage products to the implementation of electronic medication management at Te Manawa Taki – the first in the southern hemisphere. We believe the OPENeP solution will deliver measurable benefits to the DHBs and look forward to extending these benefits across the region, on successful completion of the pilot."

Editor's Note: This article originally stated that the Alcidion share price reached a record high of 26.5 cents, however, this was a 52-week high. Article updated 8 March 2021.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets lost their steam this Thursday.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why Catapult, Hutchinson, SKS, and West African shares are pushing higher today

These shares are having a strong session despite the market weakness.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wonderful Wednesday session for investors today.

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Gold

3 reasons this ASX 200 gold mining giant could soar higher into 2026

A leading expert forecasts more outperformance from this surging ASX 200 gold stock.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Adriatic Metals, Catapult, Seek, and TechnologyOne shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares returned to positive territory this Tuesday.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why Breville, Clarity, EOS, and TechnologyOne shares are racing higher today

These shares are having a strong session on Tuesday. But why?

Read more »