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DarioHealth’s shares jump on Walmart partnership news


Shares of DarioHealth Corp. jumped 103% as it announced that Walmart would sell DarioHealth’s digital diabetes management system online. The company has established online partnerships with other retailers like Best Buy and Giant Eagle, a privately owned grocery chain. “In addition to Best Buy, we expect to announce our products in several of the top five retailers in the U.S.” DarioHealth president and chief commercial officer Olivier Jarry told investors in October, according to a FactSet transcript of the third-quarter earnings call. “These retailers have told us that launching online is a natural stepping stone for them before planning to launch in their brick-and-mortar stores.” DarioHealth’s stock has fallen 67% year-to-date. The S&P 500 has gone up 24% during the same time period.



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