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The latest update is out from Avecho Biotechnology Limited ( (AU:AVE) ).
Avecho Biotechnology Limited has announced the issuance of 500,000,000 fully paid ordinary shares and 20,000,000 listed options as part of a recent placement. This move, conducted without disclosure to investors under the Corporations Act, signifies the company’s compliance with relevant legal provisions and its ongoing commitment to transparency. The issuance is expected to support Avecho’s strategic initiatives in enhancing its market presence and operational capabilities.
More about Avecho Biotechnology Limited
Avecho Biotechnology Limited is a company that develops and commercializes innovative health products for humans and animals using its proprietary drug delivery system, Tocopheryl Phosphate Mixture (TPM®). This system, derived from Vitamin E, enhances the solubility and absorption of drugs and nutrients. Avecho’s key projects involve creating TPM® enhanced injectable, oral, and topical products for human health and improving feed efficiency and health in livestock.
Current Market Cap: A$19.04M
See more insights into AVE stock on TipRanks’ Stock Analysis page.