Australia's Memphasys hits over 7-week high after co wins orders from Japan

Memphasys

18/03/2024 24:46

** Shares of Australia's Memphasys Ltd  MEM.AX  rise as much
as 9.1% to A$0.012, their highest level since Jan 25
    ** Stock posts its biggest intraday pct gain since March 12
    ** The reproductive biotechnology co says unit of
Swedish-based Vitrolife Group placed additional orders for co's
Felix System
    ** Adds placed orders under exclusive agreement to sell &
distribute device (Felix Systems) in Japan
    ** Device for separating viable sperm cells for human
artificial reproduction - MEM
    ** Around 1.1 mln shares change hands, vs 30-day average
volume of 1 mln shares
    ** Stock down 8.3% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))