UK's Rua Life Sciences gains on upbeat revenue forecast

Rua Life Sciences

07/06/2023 09:34

** Shares of Rua Life Sciences Plc  RUA.L  rise as much as
3.8% to 41.5p
    ** The holding company of a group of medical device
businesses forecasts a 34% jump in annual revenue, helped by
strength in its contract manufacture and biomaterials business
segments
    ** Co sees loss before tax for the year ended March 31 to be
similar to last year at around 2.3 mln pounds-2.4 mln pounds 
($2.9 mln-$3 mln)
    ** RUA says further development and regulatory progress made
in vascular and structural heart segments
    ** Stock currently at session high, down about 15% YTD

($1 = 0.8061 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))