Business
Here’s why the Resonance Health (ASX:RHT) share price rocketed
The Resonance Health Ltd (ASX: RHT) share price rocketed more than 16% today before closing 5% higher.
The booming share price moves come after the company emerged from a trading halt late this morning. This follows the release of an announcement on its medical device.
What did Resonance Health report to send its shares higher?
In a late morning ASX release, Resonance Health announced that it has received Australian Therapeutic Goods Administration (TGA) approval for its HepaFat-AI device. The device provides fully automated artificial intelligence software to assesses liver fat.
With the TGA approval, Resonance Health can now supply its device across Australia. The company had already received clearance from the United States Food…
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