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An update from Botanix Pharmaceuticals Limited ( (AU:BOT) ) is now available.
Botanix Pharmaceuticals Limited has responded to a query from the ASX regarding recent trading activity in its securities, attributing it to an announcement by President Trump about a proposed executive order on pharmaceutical pricing. The order suggests a ‘most favoured nation’s policy’ for drug pricing in the US, but Botanix does not anticipate immediate impacts on its operations, as its products are not marketed in multiple jurisdictions. The company remains compliant with ASX listing rules and will review the executive order once available.
More about Botanix Pharmaceuticals Limited
Botanix Pharmaceuticals Limited operates in the pharmaceutical industry, focusing on the development and commercialization of dermatology and antimicrobial products. The company is known for its innovative topical treatments, including SofdraÔ and EcclockÒ, which are marketed in the USA and Japan respectively.
Average Trading Volume: 9,955,828
Technical Sentiment Signal: Buy
Current Market Cap: A$908.6M
For detailed information about BOT stock, go to TipRanks’ Stock Analysis page.