BUZZ-Australia's Nyrada rises on nod to start brain injury drug's clinical trial

Reuters

02-07

BUZZ-Australia's Nyrada rises on nod to start brain injury drug's clinical trial

** Nyrada NYR.AX soars 9.2% to A$0.083, highest since Jan. 23; set for biggest intraday pct gain since Dec. 16, 2024

** Biotechnology co gets Human Research Ethics Committee's (HREC) approval to start its first-in-human Phase Ia clinical trial for its lead drug candidate NYR-BI03

** NYR-BI03 is used to treat stroke, traumatic brain injury

** Stock down 8.5% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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