Australia’s Oneview jumps on settlement with Regis Healthcare

Oneview Healthcare

14/04/2022 06:45

** Shares of health tech company Oneview Healthcare Plc
 ONE.AX  rise as much as 12.5% to A$0.225, biggest intraday jump
since March 21
    ** ONE says that it has reached a commercial settlement with
a unit of Regis Healthcare Ltd  REG.AX  (https://bit.ly/3KGftjL)
    ** Co had claimed breach of collaboration agreement between
the parties without admission of liability of either
    ** Settlement provides for a cash payment of A$2 million 
($1.49 million) to be paid in the next 30 days
    ** Adds that other terms of the settlement are confidential
    ** Stock has fallen 24.53% this year as of last close
    
    
($1 = 1.3410 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))