LBT Innovations Limited (AU:LBT) has released an update.
LBT Innovations Limited, an Australian medical technology firm, emphasizes the progress of its AI-driven microbiology automation tools in its latest quarterly report, with a strong focus on the pharmaceutical sector. The report highlights the advancement of AstraZeneca’s onsite validation, which could lead to significant sales, and notes the early exercise of options by top shareholders, contributing to a healthy cash balance. Additionally, the company has made strides in commercial readiness and marketing, launching a new website and securing evaluations of their APAS Independence technology with two major pharmaceutical companies.
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