Biome Australia jumps most in 6 months on surpassing FY23 sales target

Biome Australia

15/06/2023 03:47

** Shares of Biome Australia Ltd  BIO.AX  jump as much as
17.7% to A$0.080, posting their biggest intraday pct gain since
Dec 8
    ** The biotech services firm says it has surpassed its FY23 
sales revenue target with half a month of trading remaining 
    ** Says looking forward to strong growth in FY24 
    ** Adds, co continues to commercialise novel clinical
research, which will lead to a number of key product launches in
H1 FY24
    ** Shares hit their highest level since May 12
    ** BIO stock down 4.2% this year, as of last close 
    
($1 = 1.4721 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))