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Analyst Report - Morgans - Sonic MetaPanel Launch.pdf

MAP released its 1H results which are tracking in-line with our expectations.

The imminent national launch of the MetaPanel test through Sonic Healthcare remains a key focus. We anticipate this increased awareness to spark greater interest in microbiome-related services and products underlining the growing acknowledgement of its impact on overall health across diverse medical fields.

We continue to see significant upside here as the testing and services deliver scale, and the therapeutics continues to de-risk. Speculative Buy maintained.