Australia’s Probiotec hits 4-month high on nod for Pyridam buyout

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Australia’s Probiotec hits 4-month high on nod for Pyridam buyout

















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Reuters

Australia’s Probiotec hits 4-month high on nod for Pyridam buyout



BUZZ-Australia’s Probiotec hits 4-month high on nod for Pyridam buyout

** Shares of Probiotec PBP.AX rise as much as 1.7% to A$2.92, their highest level since Jan. 9

** Stock on track for its fourth straight day of gains

** Pharmaceutical co gets government clearance to be acquired by PYFA Australia (Pyridam Sub)

** Over 106,000 shares traded vs 30-day avg of ~87k shares

** Stock down 1% this year, as of last close

Reporting by Megha Rani in Bengaluru

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