BUZZ-Australia's LTR Pharma rises on distribution deal for its erectile dysfunction product

Reuters

2025/01/22

** Shares of LTR Pharma rise 7.9% to A$0.755

** The biopharmaceutical firm rose as much as 17.9% earlier in the day, their biggest intraday gain since early November

** Co enters an agreement with Australian pharmaceutical wholesaler Symbion for nation-wide distribution for SPONTAN

** SPONTAN is LTR Pharma's lead product for treatment of erectile dysfunction

** About 1.2 mln shares change hands, compared with 30-day average trading volume of 669,941 shares

** Stock down 13.6% YTD, as of last close

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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