BUZZ-Australia's Proteomics jumps on $4 mln boost for Western Australia facility

Reuters
07-01
BUZZ-Australia's Proteomics jumps on $4 mln boost for Western Australia facility

** Proteomics International PIQ.AX jumps as much as 9.2% to A$0.355, highest since June 23

** Medical technology firm announces A$6 mln ($3.9 mln) expansion of its Western Australia facility

** Says expansion to support co's implementation of protein biomarker analysis, a technique used to detect specific proteins in biological sample

** YTD, PIQ falls ~60%

($1 = A$1.5211)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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