MyFiziq (ASX:MYQ) share price falls despite announcing new app release

The MyFiziq Ltd (ASX: MYQ) share price has fallen by 4.69% at the time of writing, despite the company announcing that the Biomorphik app is now live on Google Play and Apple Store.

The MyFiziq share price is currently trading at $1.22, down 6 cents.

More about the announcement

The Biomorphik app is, in fact, developed by a separate company that is integrated with MyFiziq’s technology.

The company says today’s initial app release is for both Android and iOS users in Australia with South East Asia to follow in Q1 of 2021.

In line with this initial release, Biomorphik will commence a comprehensive B2C (business-to-consumer) marketing strategy to draw users to the new platform.

 The first stage will allow people to monitor their…