Australia's Nova Eye Medical rallies on US sales forecast

Nova Eye Medical

08/01/2024 03:11

** Shares of Australia's Nova Eye Medical Ltd  EYE.AX  jump
20.4% to A$0.325, their highest since April 3
    ** The company says U.S. sales of glaucoma surgical devices
surged 65% to $5.1 mln for 6 months
    ** Stock last up ~15% on the day
    ** It has rocketed nearly 160% in the past 8 session, incl
due to the withdrawal of proposed US Medicare changes that would
have affected glaucoma surgeries
    ** Nova says it expects the to accelerate US sales in H2

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))