BUZZ-Australia's Noxopharm surges on drug passing safety tests

Reuters

02/04

** Noxopharm NOX.AX soars 12.9% to A$0.096, snapping three sessions of declines

** Stock set for biggest intraday pct gain since Nov. 15, 2024

** Biotech co says its lupus medication has passed a set of pre-clinical safety tests, a requisite for drug development prior to Phase 1 clinical trial

** Around 326,347 shares traded, 2.3x the 30-day avg

** NOX gains 3.2% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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