IDT Australia rises after contract win

IDT Australia

09/08/2024 02:53

** Shares of IDT Australia  IDT.AX  rise as much as 8.7% to
A$0.125
    ** Shares on track for their best day since July 12, if
gains hold
    ** The pharma manufacturer secures contract with Sanofi
Australia for pre-clinical formulation, development and
manufacture of Sanofi's messenger RNA technology for its
translational clinical programme
    ** Co says contract worth between A$2.5 mln and A$4 mln
(($1.65 mln and $2.64 mln)
    ** Stock has risen 7.3% this year, as of last close

   ($1 = 1.5172 Australian dollars)

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