Patrys Limited Issues New Shares to Strengthen Financial Position

Tip Ranks
2025.06.18 01:00
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Patrys Limited has issued 308,362,535 fully paid ordinary shares at $0.001 each to sophisticated and professional investors, as part of a placement to strengthen its financial position in the biotechnology sector. This action complies with the Corporations Act and reflects the company's ongoing efforts to secure funding. Patrys Limited, based in Melbourne, focuses on developing its deoxymab platform of cell-penetrating antibodies for various therapeutic indications. The current market cap is A$3.09M.