Trinity Biotech rises after saying it will focus on CGM technology
ReutersMar 13, 2025 1:25 PM
Ireland-based commercial stage biotechnology company Trinity Biotech's TRIB.O shares rise 8.7% to $0.73 premarket
Co says it will strengthen focus on its Continuous Glucose Monitoring (CGM) technology
Says that the successful execution of its comprehensive transformation plan is expected to drive near-term profitability improvements
Co also appoints Barclays as its exclusive financial advisor to support strategic realignment
Up to Wednesday's close, stock had fallen 22.7% so far this year
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