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Market Mover | Radiopharm Theranostics shares jump 45% on a A$8 million placement agreement

Reuters ·  Jan 10 07:49

$Radiopharm Theranostics Ltd (RAD.AU)$ shares fell 45.83% to A$0.035; set for the biggest ever intraday pct gain.

Biopharma secures private placement agreement with Massachusetts-based Lantheus Holdings LNTH.O to raise $5 mln. The issue price of A$0.060 represents a 150% premium to last close. Stock hits its highest level since Dec. 10, 2024. More than 12.9 mln shares traded, 1.2x the 30-day avg. RAD fell 67.6% in 2024 - third consecutive bear run since 2022.

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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