BUZZ — Australia's Algorae Pharmaceuticals gains on Peter MacCallum Cancer Centre partnership

* Shares of Australia's Algorae Pharmaceuticals rise as much as 5.6%, hitting their highest since September 30 * Stock on track for best week in three-and-a-half months * AI-enabled pharmaceuticals co enters into partnership with Australia-based Peter MacCallum Cancer Centre * Says partnership to test co's 40 AI-identified cancer drug combinations across four cancer types * Says project expected to be complete in six months * Stock down 32.1% YTD, including session's moves (Reporting by Shravya Marakini in Bengaluru) ((shravya.marakini@thomsonreuters.com;)