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BUZZ-Australia's Argenica Therapeutics tumbles as FDA halts stroke drug application

Reuters
2025/06/10
BUZZ-Australia's Argenica <a href="https://laohu8.com/S/LENZ">Therapeutics</a> tumbles as FDA halts stroke drug application

** Biotech firm Argenica Therapeutics shares AGN.AX fall 10.8% to A$0.7, lowest level since May 1

** Stock poised for weakest session since early April, if trends sustain

** U.S. FDA holds co's Investigational New Drug Application, finding its data "inadequate" for clinical trials of acute ischaemic stroke $(AIS.AU)$ drug

** Co says it will provide additional data to the FDA

** AIS patients suffer from decreased blood flow to the brain

** Trading volume at more than 113,000 shares vs 30-day avg of around 100,000 shares

** Stock up 11.1% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

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

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