MYOS RENS Technology Inc fka MYOS (MYOS)

[UKdude]

This one could fly off today


MYOS RENS Up 32% After Hours on Merger and Spin-Out Plan
6:39 pm ET June 30, 2020 (Dow Jones) Print
By Josh Beckerman

MYOS RENS Technology Inc. shares rose 32% to $1.17 after hours as the nutrition products company said it will merge with pharmacy organization MedAvail Inc. and spin out the MYOS muscle health business as a separate company.

MedAvail will pay the spun-out business $2 million in cash upon the closing of the merger and issue a promissory note for an additional $3 million.

MYOS owns Fortetropin, which helps build lean muscle.

Write to Josh Beckerman at [e-mail]

(END) Dow Jones Newswires

June 30, 2020 18:39 ET (22:39 GMT)

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