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NTI — Neurotech International News Story

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Australia's Neurotech International rises on US FDA nod for neurological disorders drug

BUZZ-Australia's Neurotech International rises on US FDA nod for neurological disorders drug

** Shares of Neurotech International NTI.AX rise 12.5% to A$0.018, their highest level since December 12

** Biopharma co says U.S. FDA cleared the investigational new drug submission for its NTI164, a drug for improving symptoms of paediatric neurological disorders.

** Shares on track for best day since July 2 if gains hold

** About 11.6 mln shares change hands, 5.5x the 30-day average of 2.1 mln

** Stock up 28.6% YTD


(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

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