CardieX in trading halt with news pending of capital raising activity

CardieX Ltd (ASX:CDX) has been granted a trading halt by the ASX with an announcement pending in regard to the company’s capital raising activity. The halt will remain in place until the beginning of normal trade on Monday, July 27, or when an announcement is released to the market, whichever occurs earliest. Shares last traded at 3.1 cents and have risen from 2 cents at the close on June 29. Partnership with inHealth Medical CardiX recently strengthened its partnership with US-based inHealth Medical Inc by signing a new collaboration agreement between the two companies and resetting the investment relationship. This move is aimed at ensuring that the best capital structure is set up to facilitate new investment in inHealth and ensure that the management and founders of the online telehealth platform are appropriately incentivised to drive growth and the continued success of the business. inHealth operates an online telehealth platform that provides clinically proven lifestyle therapeutics programs and health coaching to patients from inHealth’s network of healthcare service providers in the USA, including Anthem, one of the largest healthcare insurers in the country.