Australia's Osteopore soars on partnership for $13.4 mln project

Osteopore

13/12/2021 02:49

** Shares of Osteopore Ltd  OSX.AX  soar as much as 35.7% to
A$0.285, marking their biggest intraday pct gain since July 2,
2020
    ** Bone-healing implants maker signs https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02465768-6A1068295?access_token=83ff96335c2d45a094df02a206a39ff4
 deal to launch A$18.7 mln ($13.40 mln) project with National
Dental Centre Singapore and A*STAR's research institutes to
develop dental implants
    ** Expects results of research to make a significant
contribution to the development of "next-generation Osteopore
jaw implants"
    ** Adds application of the dental implant could
"potentially" open up more collaborative opportunities for co,
besides expansion of its product lines
    ** Stock hits highest level since Oct. 18
    ** Volumes are about 7 times their 30-day average of ~84,000
shares 
    ** OSX stock down ~59.6% this year, as of last close 
    



($1 = 1.3959 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))