Australia's Clarity Pharmaceuticals rises on cancer product progress
ReutersJun 5, 2025 2:59 AM
Shares of Clarity Pharmaceuticals CU6.AX rise 9.4% to A$2.275, set for their best day since May 13, if gains hold
Earlier in the day, the radiopharmaceutical co hit its highest level since May 29
Co says results from diagnostic Phase II trial for Cu-SARTATE shows its safe and highly effective for detecting lesions in patients with neuroendocrine tumours
Cu-SARTATE is a product being developed by co for diagnosing, staging, and treating cancers including neuroblastoma and neuroendocrine tumors
Co plans to rapidly hold discussions with the FDA to initiate a diagnostic registrational Phase III study of the product
About 3.3 mln shares change hands vs 30-day average trading volume of 3.1 mln shares
Stock down ~45% this year, including the day's move
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