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Monday, July 27, 2020

Nemaura poised to acquire diabetes prevention app developer

Nemaura Medical (NMRD +4.3%) has signed a letter of intent with privately held Healthimation, LLC related to a possible acquisition.
The Boston, MA-based company is commercializing an app-based diabetes prevention program aimed at maintaining patients’ muscle mass and enhancing metabolism to improve overall health while preventing weight gain.
Nemaura believes the app would be a “strong complement” to its proBEAT subscription service that it plans to offer in the U.S.

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