IMAC jumps on strategic partnership deal

Imac Holdings

08/09/2022 13:09

** Shares of outpatient clinic operator IMAC Holdings Inc
 BACK.O  up ~14% at $0.56 premarket, set to open at a near
two-week high
    ** Shares up after biote Corp  BTMD.O  announces its Biote
Method will be available in IMAC outpatient medical clinics
 urn:newsml:reuters.com:*:nBw9hGL0Ma
    ** "Through this partnership, IMAC will add certain Biote
services to its network of outpatient clinics that deliver
orthopedic, regenerative, and advanced, non-surgical medical
procedures", says BTMD
    ** Co has begun training IMAC medical professionals in the
Biote Method for launching treatments at select IMAC
Regeneration Centers in September
    ** BTMD shares down ~6% at $3.91 premarket in lower volumes 
    ** As of Wednesday's close, stock is down ~57% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))