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Shares of Nano-X Imaging (NASDAQ: NNOX) (Nanox) were skyrocketing 28.7% higher as of 10:34 a.m. EDT on Monday. The huge jump came after the company announced that the U.S. Food and Drug Administration (FDA) awarded 510(k) clearance to its single-source Nanox.ARC digital X-ray technology.
FDA clearance means that Nanox has a green light to market its game-changing X-ray system. Nanox CEO Ran Poliakine said that this was "a significant step forward" for his company.