BUZZ-Australia's Race Oncology advances on premium placement

Reuters

2025/12/09

BUZZ-Australia's <a href="https://laohu8.com/S/RAC.AU">Race Oncology</a> advances on premium placement

** Shares of Race Oncology RAC.AX rise as much as 10.1% to A$2.94, their largest intraday pct jump since November 17

** Biopharmaceutical firm receives commitments to raise A$3.22 million ($2.13 million) via a placement

** Placement issue price at A$2.83 per share, a 6% premium to stock's last close

** Says funds will be used to advance the commencement of co's HARNESS-1 phase 1 trial for non-small cell lung cancer

** Stock up 109.6% YTD, including the day's moves

($1 = 1.5090 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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