7th Sep 2026 14:34
(Alliance News) - 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 GBP1.8 million in August from GBP15,496 in June and that its annualised revenue run rate reached around GBP28 million in August.
The company said New Health, MedPal's dedicated GLP-1 weight management clinic, generated GBP1.8 million revenue in August, its first full month, exceeding expectations.
By Camilla Borri, Alliance News reporter
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