Australia's Uscom hits over 5-week high on TGA clearance for products

USCOM

27/05/2021 05:26

** Shares of Uscom Ltd  UCM.AX  surge as much as 9.7% to
A$0.170, their highest since April 19 
    ** The medical device maker receives Therapeutic Goods
Administration (TGA) issued Free Sales Certificates for two new
haemodynamic monitoring devices - USCOM O2 and USCOM Basic
monitors  urn:newsml:reuters.com:*:nASXb1BG3w
    ** Haemodynamic monitors measures cardiovascular function;
USCOM O2 measures 36 parameters incluging systemic oxygen
delivery, which is a key indicator for circulatory effectiveness
 
    ** Stock posts its biggest intraday pct gain since May 21
    ** About 560,000 shares change hands, vs the 30-day average
volume of 298,000 shares
    ** Stock down 3.1% this year as of last close
    
  

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