BUZZ-Australia's Radiopharm Theranostics jumps on securing premium placement from US co Lantheus
ReutersJan 9, 2025 11:47 PM
** Radiopharm Theranostics RAD.AX leaps as much as 50% to A$0.036; set for biggest ever intraday pct gain
** Biopharma secures private placement agreement with Massachusetts-based Lantheus Holdings LNTH.O to raise $5 mln
** Issue price of A$0.060 represents 150% premium to last close
** Co earlier signed co-development deal with the NASDAQ-listed firm to develop biopharmaceuticals in Australia
** Stock hits its highest level since Dec. 10, 2024
** More than 12.9 mln shares traded, 1.2x the 30-day avg
** RAD fell 67.6% in 2024 - third consecutive bear run since 2022
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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