Advanced Health Intelligence (ASX:AHI) shares rise by as much 54.3% to A$0.270, their highest level since June 13.

The healthcare solutions provider has entered into an exclusive license agreement with Shanghai-based company, Changlin Network Technology.

Under the agreement, Advanced Health Intelligence (ASX:AHI) will provide its Biometric Health Assessment to Changlin’s customers via their platform.

An upfront payment of $10 million was paid to Advanced Health Intelligence (ASX:AHI) upon the agreement’s execution.

Furthermore, the company will receive a 25% revenue share of gross sales, with payments scheduled on a quarterly basis.

As a result, the stock has seen its biggest intraday percentage gain since June 22.

As of the last close, Advanced Health Intelligence (ASX:AHI) shares are up 178.4% this year.

Advanced Health Intelligence is a healthcare solutions provider that specializes in biometric health assessments.