Australia's Artrya falls on discounted placement

Artrya

12/11/2024 01:25

** Shares of Artrya  AYA.AX  fall as much 9% to A$0.455,
their lowest level since Oct 23
    ** The medical technology co receives firm commitments to
raise A$5 mln ($3.29 mln) via placement
    ** Issue price of A$0.42 represents 16% discount to co's
last close on Thursday, Nov. 7
    ** Adds, fund raised to be allocated to product development,
others, as co awaits FDA clearance on its patented Salix
Coronary Anatomy product
    ** Stock up 95.8% this year, including session's moves


($1 = 1.5221 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))