Australia's Microba Life Sciences jumps on distribution deal with Sonic Healthcare

Sonic Healthcare

05/07/2023 01:46

** Shares of Microba Life Sciences  MAP.AX  jump as much as
5% to A$0.315 
    ** Co and Sonic Healthcare  SHL.AX  sign commercial
agreement for distribution of MAP's infectious disease test
MetaPanel
    ** Metapanel can identify multiple pathogens simultaneously
from a single sample and was developed in partnership with
Australian hospitals
    ** SHL owns 23.16% stake in MAP
    ** Stock down ~9.8%% since ASX debut earlier this year as of
last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))