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Biotron Limited ( (AU:BIT) ) just unveiled an update.
Biotron Limited responded to an ASX query regarding a recent announcement that was mistakenly marked as non-market sensitive due to human error. The announcement included potential financial distress scenarios, which led to a drop in share price. The company has since withdrawn its share purchase plan in favor of a rights issue, ensuring compliance with its disclosure policies and maintaining financial oversight to support ongoing and future research activities.
More about Biotron Limited
Biotron Limited operates in the biotechnology industry, focusing on the development of antiviral therapies. The company is engaged in research and development activities, particularly in conducting clinical trials for treatments related to COVID-19 and HIV-2.
YTD Price Performance: 390.0%
Average Trading Volume: 23,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.81M
Learn more about BIT stock on TipRanks’ Stock Analysis page.