Comvita hits five-year high on early diabetes trial results

Olive leaves were used in diabetes research

BUSINESSDESK: Comvita shares rose 2.7% to a five-year high of $3.80 after details of the results of medical research, yet to be peer reviewed, shows its olive leaf extract boosts the effectiveness of insulin in overweight, middle-aged men at risk of diabetes.

Undertaken by the Liggins Institute, a medical research centre of at the University of Auckland, the research examined "a range of complex health outcomes, including insulin responses among those trial participants who took fresh olive leaf extract for 12 weeks".

The research project concluded that the fresh olive leaf extract "improves the way insulin is secreted and works in overweight men", the company says in a statement to the NZX.

The research has been submitted to an unnamed "highly prestigious, international medical journal".

Detailed comment on the research is prohibited by the requirements of the peer review process, which the research must pass to be published.

Using 45 overweight men with an average age of 46.6, the trial found taking the extract "was associated with a 15% improvement in insulin action and a 28% improvement in insulin secretion".

It found no significant changes in other areas tested, including "lipid profile, ambulatory blood pressure, body composition, carotid intimal thickness, or parameters of liver function".

Comvita last year saw off a takeover bid from Cerebos Greggs, a global food manufacturer, pitched at $2.50 a share, which was rejected by directors, who put a value range of $3.40 and $4 a share.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6977 0.0000 0.00%
AUD 0.9169 0.0000 0.00%
EUR 0.6094 0.0000 0.00%
GBP 0.4775 0.0000 0.00%
HKD 5.4121 0.0000 0.00%
JPY 74.1560 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1292.7 26.930 2016-04-29T00:
Oil Brent 47.4 0.530 2016-04-29T00:
Oil Nymex 45.9 -0.080 2016-04-29T00:
Silver Index 17.8 0.269 2016-04-29T00:

Indices

Symbol Open High Last %
NZX 50 6790.0 6822.1 6790.0 0.45%
NASDAQ 4805.8 4807.9 4805.3 -0.62%
DAX 10235.5 10252.1 10321.1 -2.73%
DJI 17813.1 17814.8 17830.8 -0.32%
FTSE 6322.4 6322.4 6322.4 -1.27%
HKSE 21215.2 21235.4 21388.0 -1.50%
NI225 17439.0 17572.3 17290.5 -3.61%