UK's MyHealthChecked slumps on waning demand for COVID tests

Fortis Frontier

08/08/2023 08:55

** Shares of MyHealthChecked  MHCM.L  fall as much as 34% to
10.22p, their lowest since March 2020
    ** The home-testing healthcare company posts a more than 74%
slump in half-year revenue at 2.5 mln pounds ($3.2 mln), hurt by
overall reduction in demand for COVID tests
    ** Co expects a reduction in overall demand for COVID tests
during 2023 compared to prior year
    ** Stock set for worst day since March 18, 2020, if losses
hold
    ** Stock currently down about 27%, pushing YTD losses to
nearly 54%

($1 = 0.7849 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))