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STOCKHEAD | ASX Health Stocks: Sonic snaps up stake in Microba, sending MAP share price 60pc higher 

Sonic takes strategic stake in Microba Giant healthcare stock Sonic Healthcare (ASX:SHL) has bought a stake in small cap Microba Life Sciences (ASX:MAP), sending the MAP share price 60%+ higher this morning. Sonic took a 19.9% stake at 26c a share as it seeks to acquire options for a further 5% stake. Microba focuses on gut health with a revenue-generating business in microbiome testing. The company sells these testing products to healthcare practitioners and gets paid on fee-for-service basis.

STOCKHEAD | Sonic snaps up stake in Microba, sending MAP share price 60pc higher