BUZZ-Australia's Inhalerx set for worst session in three weeks on discounted placement** Shares of Inhalerx IRX.AX fall as much as 22.2% to A$0.028, their lowest level since November 14
** Stock on track for its steepest fall since November 4
** Medical device maker receives firm commitments to raise A$750,000 ($486,825.00) in a placement
** Issue price of A$0.025 per share represents a discount of 30.6% to the stock's last close
** Proceeds will be used for non-clinical working capital, others
** About 312,000 shares change hands, 1.2 times the 30-day avg
** Stock down 20% YTD, including the session's moves
($1 = 1.5406 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.