BUZZ-Australia's Orthocell hits more than 5-year high on Singapore expansion deal

Reuters

2024/11/27

** Orthocell jumps as much as 21.1% to A$0.775, highest since May 9, 2019

** Stock logs biggest intraday pct jump since early October

** Biotech firm signs distributorship agreement with Singapore-based Device Technologies Asia for exclusive distribution of its nerve repair device Remplir

** OCC expects first sales of the device in first quarter of 2025

** Around 2.3 mln shares traded, 3.2x the 30-day avg

** Stock up ~87% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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