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Biotron ( (AU:BIT) ) has provided an announcement.
Biotron Limited has successfully completed Tranche 2 of its Placement, raising a total of $1 million to fund the development of products from its recent acquisition of Sedarex Limited. This acquisition and funding are pivotal for Biotron, as they enhance its product pipeline with a late-stage clinical asset and reinforce its commitment to antiviral research, positioning the company for future growth.
More about Biotron
Biotron Limited operates in the biotechnology industry, focusing on the development of antiviral therapies. The company is known for its innovative approach to treating viral infections and is expanding its product pipeline through strategic acquisitions.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.58M
See more insights into BIT stock on TipRanks’ Stock Analysis page.