Why the ResApp (ASX:RAP) share price opened 10% higher today

Shares in ResApp Health Ltd (ASX: RAP) surged higher on open today after the company announced its wearable device has achieved CE mark certification. In early trade, the ResApp share price leapt 10.53% to 6.3 cents. However, at the time of writing, ResApp shares have retreated back to 5.8 cents, up 1.75% for the day so far. 

Let’s take a look at what the digital health company announced.

What caused the ResApp share price to jump?

The ResApp share price was on the rise this morning after the company declared its wearable, cough monitoring device has achieved CE mark certification as a “Class I medical device accessory”. A CE mark indicates that a product has conformed with the necessary health, safety and environmental…