Virax Biolabs Shares Rise Sharply on Distribution Agreement

Dow Jones10-24

By Stephen Nakrosis

U.S.-listed shares of Virax Biolabs rose sharply in heavy volume after the British biotechnology company said it reached an agreement with distributor Europa Biosite to commercialize a portfolio of research products in the U.K. and Ireland.

In afternoon trading Wednesday, Virax shares were up 62% at $2.73. Volume in the session topped 80 million shares, above the stock's 65-day average volume of about 4.5 million.

ImmuneSelect is a suite of research products for assessing adaptive immunity.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 23, 2024 14:18 ET (18:18 GMT)

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