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Allied Healthcare Director Exercises Options

Allied Healthcare (ASX: AHZ) director Peter Turvey has increase his shareholding by 333,333 shares through the exercise of options.

He paid a total consideration of $19,999.98 for the unlisted options that are exercisable at $0.06 and expire on 18 May 2017.

Turvey now has 1,721,997 shares in the company and 666,667 unlisted options.

Shares in the company are currently trading at $0.093.

The company had this week said that patients under its ongoing Phase II extension study for the CardioCel® regenerative tissue repair product showing had shown no signs of calcification after five years.

This represents a key advantage over competing tissue repair products, which typically show signs of calcium build-up at the site of repair within six months post-surgery.

The Allied Healthcare share price has risen over three-fold since mid year.

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