Respiri Share Price Jumps on Manufacturing Deal (ASX:RSH)

By ,

At time of writing, the Respiri Ltd [ASX:RSH] share price is up 4.55%, trading at 23 cents.

The Melbourne-based biotech company recently announced a manufacturing partner for their new product, wheezo™.

With recent positive clinical study results, the company also completed the search for a manufacturing partner.

ASX RSH Share price chart 1

Source: Optuma

What’s happening at Respiri?

Respiri is working on a new product that is showing promising signs of being able to detect wheezing in patients.

The company recently announced positive preliminary results of a clinical study comparing wheezo™ to the standard clinician-based stethoscope measurement of wheezing associated with asthma and chronic obstructive pulmonary disease.

With the encouraging results in hand, the next natural step was to find a manufacturing partner for the new product.

Today, the company announced their search was complete and that they had appointed Entech Electronics as the global manufacturing partner for wheezo™

Entech Electronics are Australian based.

Operating in Devon Park, South Australia, the company has operated offshore production facilities in Shenzhen China since 2006.

Respiri have placed initial orders for manufacturing to begin with 12,000 devices commissioned for delivery in February 2021.

Marjan Mikel, Respiri’s CEO and Managing Director, commented:

We are delighted to partner with Entech Electronics as they are well placed to support our global product volume requirements at cost positions that support Respiri’s business model.

Where to from here for Respiri?

Since May the RSH share price rose significantly. On the back of the most recent news, I would not be surprised if this trend continues — such is the strong upward momentum.

ASX RSH - Respiri Share Price Chart 2

Source: Optuma

With the RSH share price trading very close to the most recent high at the time of writing, the chart looks bullish, and should the RSH share price keep moving up, then the levels of 24 and 25 cents may come into play.

On the other hand, if the price were to start to fall back, then the levels of 21 and 19 cents may become the focus in the short term.

The current trend in Australia towards medtech could be a major investing theme on the ASX for years to come.

Recent coverage in the Australian Financial Review suggested it is now our largest manufacturing export worth over $8.2 billion annually.

But there are other trends to watch as well, particularly in e-commerce and safety technology.

Get the names of four companies operating across these two trends in this excellent free small-caps report.

It’s a must read.


Carl Wittkopp,
For Money Morning

About Carl Wittkopp

Carl Wittkopp writes for Money Morning and has a diploma in Financial Planning. He specialises in technical analysis.

Respiri Reports Reductions in Overheads as Share Price Climbs Higher

It’s been a bumpy road of development for Respiri Ltd [ASX:RSH]. Today though, with an early gain of 12.9%, The RSH share price seems to be heading back in the right direction. So, what was behind the turnaround?

Respiri Share Price Lifts on Positive Clinical Study (ASX:RSH)

The share price of medical technology company Respiri Ltd [ASX:RSH] has pushed higher today thanks to positive results from its latest clinical study. At the time of writing, RSH shares had pushed 3.23% higher to trade at 1.6 cents…

Respiri Doubles Revenue for FY20 — RSH Share Price Rises 3.7%

It’s been a mixed year for Respiri Ltd [ASX:RSH]. With markets gripped by the COVID-19 pandemic, shares in the company took a hit. But that didn’t stop the ongoing development of their respiratory monitoring device: wheezo…

Respiri Share Price Up 22% on the Back of a New Deal

For those with existing respiratory illnesses, like asthma, it has been an even more challenging time. COVID-19 being a far more deadly threat. Which is precisely why companies like Respiri Ltd [ASX:RSH] and their technology are so important….