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Microba Life Sciences Limited ( (AU:MAP) ) just unveiled an update.
Microba Life Sciences Limited has successfully raised $14.5 million through a two-tranche placement and a share purchase plan to expand the clinical adoption of its microbiome testing products. The funding, supported by major shareholder Sonic Healthcare Limited, will be used to enhance product development, sales, and marketing efforts in Australia and the UK. Additionally, Microba has signed an exclusive agreement with The Doctors Laboratory in the UK, which is expected to strengthen its market presence and drive growth. The company aims to achieve regional break-even points by the end of FY26 and is on a strategic path to reach group breakeven within three years.
The most recent analyst rating on (AU:MAP) stock is a Buy with a A$0.33 price target. To see the full list of analyst forecasts on Microba Life Sciences Limited stock, see the AU:MAP Stock Forecast page.
More about Microba Life Sciences Limited
Microba Life Sciences Limited operates in the biotechnology industry, focusing on microbiome testing products. The company aims to advance clinical adoption of its products, particularly in Australia and the United Kingdom, and is committed to combating diseases through microbiome health.
Average Trading Volume: 169,236
Technical Sentiment Signal: Sell
Current Market Cap: A$51.5M
For detailed information about MAP stock, go to TipRanks’ Stock Analysis page.