BUZZ-Australia's Clarity Pharma gains on tax break to develop cancer platform

Reuters

2025/04/17

** Shares of Clarity Pharmaceuticals CU6.AX jumps 12.4% to A$1.885, highest since April 3

** The radiopharmaceutical company gets R&D tax incentive refund to develop its Targeted Copper Theranostic (TCT) platform to diagnose and treat various cancers

** Co also signs deal for supply of copper-64 isotope, which is used along with copper-67 in TCT platforms

** Despite the day's gains, the stock is down about 55% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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