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Iridex (IRIX -0.9%) slips today, shrugging off upbeat news posted earlier that it's entered into...

Iridex (IRIX -0.9%) slips today, shrugging off upbeat news posted earlier that it's entered into a global distribution and supply agreement with Peregrine Surgical, a privately held company based out of Pennslvania. Under the agreement, IRIX will become a worldwide distributor for Peregrine labeled products and Peregrine Surgical will become part of IRIX's supply chain for the manufacture of certain products.
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