BUZZ-Australia's Race Oncology advances on premium placement
Reuters
Dec 09, 2025
BUZZ-Australia's Race Oncology 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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