BUZZ-Australia's LTR Pharma slides on discounted placement

Reuters

2024/12/10

** Shares of LTR Pharma LTP.AX fall as much as 8.6% to A$0.96, their lowest level since Aug. 12

** Aussie biotech firm gets binding commitments for A$25 mln private placementat A$0.92/shr, a 12.4% discount to last close

** Says funds to speed development, commercialisation of its SPONTAN nasal spray treatment for erectile dysfunction

** Trading vol of 915,000+ shares tops 30-day avg of ~632,000

** Stock has now surged ~190% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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