TRIB - (NASDAQ: TRIB) Announces Q3 23 Financial Results & 2 Additional PRs

2024-01-31 08:03:11 ET

DENVER, Colo., Jan. 31, 2023 ( www.247marketnews.com )- Trinity Biotech plc (NASDAQ: TRIB) announced, this morning, its results for the quarter ended September 30, 2023, including business updates. Additionally, it published two press releases.

Trinity Biotech stated entering into a definitive agreement to acquire the biosensor and Continuous Glucose Monitoring (“CGM”) assets of privately held Waveform Technologies, Inc. for $12.5 million in cash, 9 million American Depositary Shares (“ADSs”) of the Company and additional contingent consideration.

Trinity Biotech then reported entering into a non-binding Letter of Intent with Bayer to launch a Continuous Glucose Monitoring (“CGM”) biosensor device in China and India, related to its CGM assets of Waveform Technologies acquisition.

Trinity Biotech is trading at $0.535, up $0.10 (+22.92%), on 6.6M shares traded.

Its 52-week range is $0.37 to $1.24. It hit a four month high of $0.8296 in this morning’s premarket and is well positioned to challenge its October and, possibly, September trading levels.

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