Lucira Health jumps on distribution deal for COVID-19 test kits

Lucira Health

29/12/2021 14:06

** Shares of medical tech co  LHDX.O  up 9.4% at $8.81 in
thin premarket trade
    ** Signs new distribution agreement with health solutions
providers, Co-Defend and Co-Protect, for at least 600,000 of
LHDX's at-home COVID-19 self-test kits in 2022  urn:newsml:reuters.com:*:nGNX7TC67p
    ** Financial terms of deal undisclosed
    ** Two of three brokerages rate the stock "hold" while the
third has "sell"; their median PT is $8
    ** Up to Tuesday's close, stock fell over 50% from its IPO
price of $17; co listed on Feb. 5

 (Reporting by Leroy Leo)
 ((Leroy.Dsouza@thomsonreuters.com;))