Business
Why the ResApp (ASX:RAP) share price is sinking 5% today
The ResApp Health Ltd (ASX: RAP) share price is sinking today. This comes after the company announced that Medgate had started European trails for ResAppDx, its smartphone-based acute respiratory diagnostic test.
At the time of writing, the digital health company’s shares are down 6.78%, trading at 5.5 cents.
First, a quick take on Medgate
Founded in 1999, Medgate provides telehealth services, bringing physicians to patients where needed via digital health bookings.
The company operates Europe’s largest telemedical centre in Switzerland and employs more than 500 people worldwide. Medgate has a presence in Germany, the Philippines, the United Arab Emirates, and India.
Why is the ResApp share price moving?
In today’s release,…
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