BUZZ-Australia's Cyclopharm drops to one-week low on discounted placement** Shares of Cyclopharm CYC.AX fall as much as 19.7% to A$0.94, their lowest level since January 27
** The radiopharmaceutical co to raise A$14 million ($9.83 million) via placement
** Issue price of A$0.95 per share represents a discount of 18.8% to stock's last close
** Proceeds will be used to accelerate commercialisation of Technegas in the United States, others, adds co
** About 206,432 shares change hands, 3.8x the 30-day average
** YTD, stock down 1% this year, including the day's move
($1 = 1.4241 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@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.