Australia's Lumos Diagnostics jumps on $5 mln payment

Lumos Diagnostics Holdings

04/06/2024 03:26

** Shares of Lumos Diagnostics  LDX.AX  rise as much as
21.6% to A$0.045, set for its best day since Jan. 11 if gains
hold    
    ** Healthcare tech co says it has received a second payment
of US$5.0 million from Hologic  HOLX.O  under the intellectual
property (IP) agreement announced on 11 Jan.
    ** IP Agreement provides Hologic with an exclusive license
to Lumos’ proprietary reader and point of care technologies
    ** Stock at highest level since May 20
    ** Over 19 mln shares change hands, compared with the 30-day
average volume of 3.3 mln
    ** LDX down 49.3% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))