TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Cyclopharm Limited ( (AU:CYC) ) has issued an update.
Cyclopharm Limited has completed the sale of its non-core Cyclotron asset for $6.2 million, enhancing its balance sheet and aligning with its strategic focus on expanding the Technegas® business globally. The transaction provides financial flexibility to accelerate Technegas® commercial growth, and Cyclopharm continues to explore collaborative opportunities with Cyclotek to enhance patient access to advanced nuclear medicine solutions.
The most recent analyst rating on (AU:CYC) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Cyclopharm Limited stock, see the AU:CYC Stock Forecast page.
More about Cyclopharm Limited
Cyclopharm Limited is an ASX-listed radiopharmaceutical company that serves the global medical community. The company focuses on improving patient care outcomes through its core product, Technegas®, which is used in functional lung ventilation imaging. Technegas® is a gas-like substance inhaled by patients for evaluating functional ventilation imaging, historically used for diagnosing pulmonary embolism and now applied to other diseases like COPD, asthma, and pulmonary hypertension.
Average Trading Volume: 74,492
Technical Sentiment Signal: Sell
Current Market Cap: A$70.02M
For detailed information about CYC stock, go to TipRanks’ Stock Analysis page.