BUZZ-Australia's Amplia Therapeutics slips on discounted capital raise

Reuters

07-23

BUZZ-Australia's <a href="https://laohu8.com/S/ATX.AU">Amplia Therapeutics</a> slips on discounted capital raise

** Amplia Therapeutics ATX.AX slips as much as 14% to A$0.245, lowest since July 4

** Stock marks biggest intraday pct drop since June 30

** Drug developer announces capital raise of A$27.5 mln ($18 mln) at issue price of A$0.23, representing 19.3% discount to last close

** Says funds will support ACCENT and AMPLICITY trials, support ovarian cancer trials of co's lead drug, narmafotinib (AMP945

** Stock last down 10.5%, trims YTD gains to ~192%

($1 = A$1.5253)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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