Guardion Health Sciences: Rises on $26 mln deal to buy supplement company

Guardion Health Sciences

18/05/2021 17:54

** Medical device and supplement maker's shares  GHSI.O  up
12% at $1.76 in heavy volume; Biggest 1-day pct jump in more
than two months 
    ** Co says entered into a purchase agreement with Adare
Pharmaceuticals to acquire Activ Nutritional for a cash payment
of $26 million  urn:newsml:reuters.com:*:nGNXblNY3f
    ** Adare owns the Viactiv line of supplement chews for bone
health, immune health and other applications
    ** More than 15.5 mln GHSI shares traded vs 25-day moving
avg. volume of 533,395; Stock's busiest day in nearly 4 months
    ** GHSI down 37% YTD through Monday's close

 (Reporting by Ankur Banerjee)