BUZZ-Australia's Neurotech falls on drug request denial by U.S. FDA

Reuters
2024-10-04

** Shares of Neurotech International fall as much as 17.2% to A$0.048, set to lose most since May 26, 2023 - if current trends hold

** The biopharmaceutical development firm says the US Food and Drug Administration (FDA) denied request for use of co's medicine in children and adults

** Stock hits its lowest level since Aug. 30, 2023

** 1.9 mln shares change hands, compared with the 30-day average volume of 846,268

** Stock has lost over 13% so far this week

** Stock is down 26% YTD as of 0121 GMT

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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