Bioventus set for five-day winning streak, says completes divestiture

Bioventus

23/05/2023 17:21

** Shares of medical device co Bioventus Inc  BVS.O  up ~9%
at $2.28 - set for a five-day winning streak
    ** Co says it has completed the divestiture of its Wound
business, which makes products used for treating wounds, to
LifeNet Health
    ** BVS shares have more than doubled since it announced the
sale of the Wound business earlier this month for a total cash
consideration of $85 million 
    ** Bioventus stock is down ~13% this year

 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))