Australia's Proteomics International up after signing licensing agreement

Sonic Healthcare

10/05/2023 05:49

** Shares of Proteomics International Laboratories Ltd
 PIQ.AX  rise as much as 25% to A$1.125, hitting their highest
since March 27  
    ** Stock set to mark best day since Feb.8, if gains hold 
    **  Medical technology co signs an exclusive licence
agreement with Sonic Healthcare USA, a division of Sonic
Healthcare Ltd
    ** Says agreement is for the use and commercialisation of
the company's PromarkerD test for diabetic kidney disease in the
United States    
    ** PIQ has fallen 5.3% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))