Australia's EBR Systems jumps to record high on manufacturing expansion

EBR Systems

28/01/2025 04:24

** Shares of EBR Systems  EBR.AX  rise as much as 9.8% to a
record high of A$1.795; last up 7.7% at A$1.76
    ** Cardiac medical device manufacturer says it has signed an
11-year lease agreement for a new facility in California
    ** Co says the 51,000-square feet facility will provide more
space for R&D and manufacturing operations, among others,
allowing it to accommodate demand for its wireless cardiac
pacing device WiSE
    ** Stock fourth-biggest gainer in the ASX All Ordinaries
index  .AORD 
    ** More than 982,000 shares change hands, 1.6x the 30-day
avg
    ** Stock gained 69.3% last year, significantly outperforming
the 7.5% gain in AORD

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))