Australia's EMVision Medical Devices secures funding, sees best day in over 9 mths

EMvision Medical Devices

02/03/2021 01:06

** Shares of EMVision Medical Devices Ltd  EMV.AX  rise as
much as 24% to A$3.0, marking their biggest intraday pct gain
since May 22
    ** Medical device maker says the Australian Stroke Alliance
advised co that it will receive A$8 mln ($6.21 mln) in
non-dilutive cash funding  urn:newsml:reuters.com:*:nASX3VVlgc
    ** Co says funding will support the development and clinical
validation of its planned first responder model for air and road
ambulances, among other things
    ** Stock hits highest since Jan. 25, 2021
    ** Over 600,000 shares change hands, compared with the
30-day average volume of ~170,000
    ** Stock down 22.4% YTD, as of last close

($1 = 1.2877 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((arundhati.dutta@thomsonreuters.com;))