Actinogen Medical’s Major Shareholder Dilutes Stake

Actinogen Medical Limited (AU:ACW) has released an update.

BVF Partners L.P. and associated entities have reported a change in their substantial holding in Actinogen Medical Limited, with their voting power decreasing from 9.79% to 8.40% following the issuance of additional shares by the company. The dilution occurred because Actinogen issued new shares to other parties, affecting the overall voting power of BVF Partners L.P. and its associates.

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