Australia's Singular Health tracks best day in 5-months on research project funding

Singular Health

19/10/2021 04:46

** Shares of Singular Health Group  SHG.AX  rise as much as
25.7% to A$0.220, their biggest intraday pct gain since May 28
    ** The medical technology co says it has been awarded a
Kick-Start voucher from Australia's national science agency,
Commonwealth Scientific and Industrial Research Organisation
(CSIRO) urn:newsml:reuters.com:*:nASX54k9bw
    ** Kick-Start is an initiative that provides funding
and support for Australian start-ups and small businesses to
access CSIRO's research expertise and capabilities
    ** Co says the voucher dollar-matches A$50,000 of funding to
conduct Data61 project with CSIRO division to automatically
generate cranial (skull) implants for craniotomies from CT scans
    ** SHG also signs memorandum of understanding with Osteopore
Ltd  OSX.AX  to validate the results of the project with a
dataset provided by OSX and conduct a comparative study
    ** More than 400,000 shares trade hands, 2.1 times the
30-day average volume of 194,657 shares
    ** As of last close, stock had fallen 53.9% since debut on
Feb. 12

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))