Australian biotech firm CSL tanks 17% after CEO departure, weak first-half earnings

Reuters

02/11

Feb 11 (Reuters) - Shares of Australia's CSL Ltd CSL.AX plunged more than 17% in early trading on Wednesday after the biotech giant announced the departure of its chief executive officer, Paul McKenzie, and reported a 7% drop in its first-half earnings.

CSL's shares plunged 17.6% to A$151.350, their lowest since mid-February 2018.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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