ProPhase Labs: Up on plans to acquire CLIA certified labs for COVID-19 testing

Predictive Technology

01/10/2020 10:58

** Shares of drug manufacturing co  PRPH.O  rise 19% to $4
premarket
    ** Late on Wednesday, co said it plans to explore
acquisition of one or more CLIA accredited labs for COVID-19 and
other testing  urn:newsml:reuters.com:*:nGNX6nvdXJ
    ** Co says it has entered into consulting agreement with
Predictive Technology Group Inc's  PRED.PK  unit Predictive
Laboratories to assist with process
    ** Clinical Laboratory Improvement Amendments (CLIA)
regulations establish quality standards for laboratory testing
    ** Up to Wednesday's close, PRPH had risen ~76% YTD

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com))