Australia's Genetic Technologies climbs on tie-up for new facility

Genetic Technologies

01/02/2023 02:11

** Shares of Genetic Technologies Ltd  GTG.AX  climb as much
as 20% to A$0.003, on track for best day since Jan 17 
    ** Molecular diagnostics company says it is forming a
strategic alliance with peer QIAGEN 
    ** Says the alliance will establish and develop a 'Centre of
Excellence' facility in Australia, initially servicing Australia
and New Zealand with potential for expansion
    ** Stock down 16.7% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))