Thorne HealthTech shares gain on Reuters report test maker exploring sale

Kirin Holdings Co

21/07/2023 16:48

** Shares of at-home health test maker Thorne HealthTech
 THRN.O  jump ~9% to $5.75
    ** THRN is exploring a sale and working with investment bank
CG Sawaya Partners  CF.TO , according to a Reuters report
     ** THRN's top shareholders include Japanese firms Kirin
Holdings Co Ltd  2503.T  and Mitsui & Co Ltd  8031.T , each with
a 29% stake 
    ** Co sells at-home tests directly to consumers that help in
assessment of sleep, fertility, stress and gut health among
others 
    ** As of last close, THRN shares were up ~45% YTD 

 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))