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Pharmaceuticals
Investment29 Apr 2026, 02:44 pm

Gufic Biosciences invests USD 50,000 more in Selvax Pty Ltd

AI Summary

Gufic Biosciences Ltd has made a further investment of USD 50,000 in Selvax Pty Ltd, an Australian biotechnology company. This investment, completed on April 28, 2026, involved subscribing to 378,350 ordinary shares at AUD 20 cents per share. Selvax specializes in developing novel immunology-based treatments for large solid tumours, targeting both animal and human cancers. This strategic move aims to diversify Gufic Biosciences into the healthcare and biotechnology sector, providing access to proprietary technology and research capabilities in oncology. The company expects long-term benefits and value creation from this investment, aligning with its strategic diversification goals. Post-investment, Gufic Biosciences holds a total of 1,685,350 ordinary shares in Selvax. The transaction was for cash consideration and is not a related party transaction.

Key Highlights

  • Gufic Biosciences invested USD 50,000 in Selvax Pty Ltd.
  • Acquired 378,350 shares at AUD 20 cents each on April 28, 2026.
  • Selvax develops immunology-based treatments for solid tumours.
  • Investment diversifies Gufic into healthcare and biotechnology.
  • Total shares held in Selvax by Gufic now stands at 1,685,350.
GUFICBIO
Pharmaceuticals
GUFIC BIOSCIENCES LTD.

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