Spectral surges on UK certification and FDA classification for wound imaging system

Spectral AI

19/10/2023 16:59

** Shares of diagnostics company Spectral AI  MDAI.O  jump
61.79% to $4.19, set to be its biggest one day win pct
    ** Co says its wound imaging system received UKCA marking
and Class 1 medical device classification from the FDA
    ** Says the system aims to help clinicians make better
decision in wound care
    ** The UKCA marking is a mandatory marking used to indicate
product conformity to Great Britain legislation
    ** Class 1 medical devices are categorized for their minimal
risk potential to patients and operators
    ** Including session's move, shares down ~58% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))