Acrux Limited Attracts Increased Investment from Phillip Asset Management

Acrux Limited (AU:ACR) has released an update.

Phillip Asset Management Ltd, through its BioScience Managers Translation Fund I, has increased its stake in Acrux Limited, now holding 10.32% voting power after a share placement of $200,000. This change, effective from December 19, 2024, highlights the fund’s growing interest in the pharmaceutical company, marking a shift from its previous 15.09% voting power. Investors might consider this move as a signal of potential growth prospects within Acrux Limited.

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