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Nexsen Limited ( (AU:NXN) ) has issued an announcement.
Nexsen Limited successfully raised $8 million through an IPO and listed on the ASX, alongside receiving $0.64 million from the R&D Tax Incentive. This funding supports the commercialization of their GBS Rapid Sensor and the development of kidney function diagnostics, which address unmet needs in global healthcare markets. The company has also strengthened its leadership team with the appointments of Prof. Vipul Bansal as Chief Innovation Officer and Dr. Sanje Mahasivam as Chief Technology Officer, enhancing their capacity to advance their diagnostic technologies. The commencement of clinical trials for the GBS Rapid Sensor marks a significant step towards accessing the US market, with implications for improved patient care through quicker, more affordable testing solutions.
More about Nexsen Limited
Nexsen Limited is a nano-biotechnology company focused on developing innovative point-of-care diagnostic platforms. Their primary products include rapid diagnostic tests for kidney function and Group B Streptococcus (GBS), targeting significant global health markets.
Average Trading Volume: 1,673,026
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