BUZZ-Trinity Biotech rises after saying it will focus on CGM technology

Reuters

03-13

BUZZ-Trinity Biotech rises after saying it will focus on CGM technology

** 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

(Reporting by Anushka Chourasia)

((Anushka.Chourasia@thomsonreuters.com;))

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