Australia's Cyclopharm falls on wider HY loss

Cyclopharm

25/02/2025 24:49

** Shares of Cyclopharm  CYC.AX  fall 18.4% to A$1.550,
their lowest level since December 30
    ** Stock on track for sharpest one-day pct drop since
late-June 2021
    ** Radiopharmaceutical co reports wider HY loss attributable
of A$13.2 million ($8.37 million) from A$4.7 million a year
earlier
    ** Also announces that it is taking a conservative approach
regarding new contracts, citing the evolving political landscape
in the U.S. concerning healthcare funding
    ** 417,350 shares change hands, 2.4 times the 30-day average
    ** Stock trims YTD gains to 1%

($1 = 1.5765 Australian dollars)
 

 (Reporting by Manasi Dasa in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com))