Australia's Jayex Tech to invest $2 mln in U.S. medtech co, shares rise

Jayex Technology

30/07/2021 04:45

** Shares of Jayex Technology Ltd  JTL.AX  jump as much as
22.2% to A$0.033, their biggest one-day rise since April 12
    ** Medtech service provider agrees to invest $2 mln into
U.S.-based Brainworks Foundry Inc  urn:newsml:reuters.com:*:nASX3gjmlC
    ** Brainworks' tech platform uses artificial intelligence to
measure vital signs by focusing smart camera on patient's face
for 5-30 seconds 
    ** Co says Brainworks AI tech platform currently undergoing
preliminary clinical trials
    ** Post-COVID, Brainworks plans to diversify its platform to
support additional viral and bacterial tests including
influenza, Hepatitis and HIV - JTL
    ** JTL shares at their highest level since July 12, snap
four-mth losing streak by gaining 3.8% in July
    ** Trading volumes at over 18x the 30-day avg of 434,104, at
7.9 mln shares
    ** JTL stock has lost 30.8% this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))