Business
Why the Cyclopharm (ASX:CYC) share price popped 6% today
The Cyclopharm Limited (ASX: CYC) share price was sent soaring today after the company announced a business update.
Cyclopharm shares went as high as 14.41% in afternoon trade before closing 6.78% up at $2.52 per share.
What Cyclopharm does
Cyclopharm is an ASX-listed radiopharmaceutical company headquartered in New South Wales. It currently has a market capitalisation of just over $203 million.
As stated on the company’s website, “the company’s mission is to provide nuclear medicine and other clinicians with the ability to improve patient care outcomes.”
The health company aims to achieve this objective through the provision of its core radiopharmaceutical product, Technegas, which is used in functional lung ventilation…
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