MyHealthchecked (MHC)

Sector:

Health Care

Index:

FTSE AIM All-Share

9.75p
   
  • Change Today:
    -0.25p
  • 52 Week High: 27.00
  • 52 Week Low: 8.50
  • Currency: UK Pounds
  • Shares Issued: 52.01m
  • Volume: 4,771
  • Market Cap: £5.07m
  • RiskGrade: 796
  • Beta: 0.03

MyHealthChecked to launch home health tests with Boots

By Josh White

Date: Thursday 18 May 2023

LONDON (ShareCast) - (Sharecast News) - Home health test developer MyHealthChecked announced on Thursday that it has signed an agreement with Boots UK - a division of Walgreens Boots Alliance - to introduce an expanded range of at-home self-testing products into Boots chemists.
The AIM-traded firm said the agreement, facilitated through MyHealthChecked's subsidiary Concepta Diagnostics, would make the tests available for purchase online and across Boots stores in Great Britain and Northern Ireland.

Scheduled to be launched in May, the extended range would consist of 14 distinct test panels, including two blood and urine sample kits, seven blood prick sample kits, and five DNA cheek swab kits.

The tests would cater to various applications including assessing thyroid function, identifying food intolerances and sensitivities, and determining vitamin profiles.

Initially, the tests would be introduced online, with selected kits subsequently made available across around 120 Boots stores in the UK.

Once the samples are collected, they would be sent to an accredited laboratory for testing, and a GP would verify the blood and urine results and offer guidance on any necessary actions for the patient.

The agreement between MyHealthChecked and Boots was non-exclusive, and had an initial term of 12 months starting from 17 May.

In addition to the 14 tests covered by the agreement, MyHealthChecked would also launch an additional six lateral flow tests, which could be conducted at home without the need to send a sample to a laboratory.

The test results would be provided on the lateral flow device itself, and the products would be available for purchase online and in more than 800 stores.

"We are delighted to be working with Boots with the launch of our extended portfolio of at-home tests online and in stores, whilst demonstrating execution of the next stage of our strategic plan," said chief executive officer Penny McCormick.

"Our tests reflect a change in consumer needs as we see more customers take their health into their own hands.

"Following the launch of our extended product portfolio, our focus will turn towards ongoing customer guidance as we self-fund our investment in the evolution of our technology platform."

At 1359 BST, shares in MyHealthChecked were up 20.45% at 26.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MHC Market Data

Currency UK Pounds
Share Price 9.75p
Change Today -0.25p
% Change -2.50 %
52 Week High 27.00
52 Week Low 8.50
Volume 4,771
Shares Issued 52.01m
Market Cap £5.07m
Beta 0.03
RiskGrade 796

MHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.78% above the market average90.78% above the market average90.78% above the market average90.78% above the market average90.78% above the market average
93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average
Price Trend
73.76% below the market average73.76% below the market average73.76% below the market average73.76% below the market average73.76% below the market average
13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average
Income Not Available
Growth
30.07% below the market average30.07% below the market average30.07% below the market average30.07% below the market average30.07% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

MHC Dividends

No dividends found

Trades for 01-May-2024

Time Volume / Share Price
08:18 4,771 @ 10.40p

MHC Key Personnel

CEO Penelope McCormick
CFO Lesley Innes

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