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BUZZ-Australia's Island Pharmaceuticals jumps on buying antiviral program

Reuters
2025/07/09
BUZZ-Australia's <a href="https://laohu8.com/S/ILA.AU">Island Pharmaceuticals</a> jumps on buying antiviral program

** Island Pharmaceuticals ILA.AX jumps as much as 13.8% to A$0.165, highest since June 17

** Drug company signs asset purchase agreement to acquire Galidesivir antiviral program from BioCryst Pharmaceuticals Inc BCRX.O

** Galidesivir is a clinical-stage antiviral molecule with broad spectrum of activity in more than 20 RNA viruses, including high-priority threats such as Ebola and Marburg

** YTD, ILA down 11.8%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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