Algorae Pharmaceuticals rises on distribution agreement with Dr Reddy's Laboratories

Algorae Pharmaceuticals

27/11/2025 24:56

** Shares of Australia's Algorae Pharmaceuticals 1AI.AX rise as much as 15.4% to A$0.015, highest level since November 1, 2023

** AI-enabled pharmaceutical co signs distribution agreement with Dr Reddy's Laboratories REDY.NS

** Agreement to supply chemotherapy medicine Capecitabine to Australian market

** About 10.6 mln shares change hands, 6.2x the 30-day average volume

** Stock has risen 150% this year, including session moves

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))