Australia's Neurotech International slips most since April on discounted placement

Neurotech International

17/12/2025 02:34

** Neurotech International NTI.AX slips as much as 18.9% to A$0.015; marks biggest intraday pct decline since April 4

** Stock hits lowest since September 22

** Biopharmaceutical co announces A$4 million ($2.7 million) placement at A$0.014/share

** Issue price represents 26.3% discount to last close

** Funds raised will be applied towards registration-enabling clinical programmes, others

** Nearly 2 million shares traded, 4.1x the 30-day average

** YTD, NTI down 72.7%

($1 = A$1.5097)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))