BUZZ-Australia's Cyclopharm falls on wider HY loss

Reuters
25 Feb
BUZZ-Australia's Cyclopharm falls on wider HY loss

** Shares of Cyclopharm CYC.AX fall 18.4% to A$1.550, their lowest level since December 30

** Stock on track for sharpest one-day pct drop since late-June 2021

** Radiopharmaceutical co reports wider HY loss attributable of A$13.2 million ($8.37 million) from A$4.7 million a year earlier

** Also announces that it is taking a conservative approach regarding new contracts, citing the evolving political landscape in the U.S. concerning healthcare funding

** 417,350 shares change hands, 2.4 times the 30-day average

** Stock trims YTD gains to 1%

($1 = 1.5765 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))

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