MedPal AI shares jump as New Health August revenue hit GBP1.8 million

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MedPal AI PLC shares jumped on Monday after it announced multiplied revenue in August, boosted by its GLP-1 weight management brand.

Medpal AI is a digital platform that uses artificial intelligence to gather data and deliver health and wellness insights. Shares in London-based Medpal AI rose 14% to 5.92 pence in the afternoon in London.

In a trading update earlier in the day, the company said its revenue grew to £1.8 million in August from £15,496 in June and that its annualised revenue run rate reached around £28 million in August.

The company said New Health, MedPal's dedicated GLP-1 weight management clinic, generated £1.8 million revenue in August, its first full month, exceeding expectations.

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