BUZZ-Australia's Dimerix rises on funding boost and pipeline acquisition
Dimerix DXB | 0.00 |
** Shares of Australia's Dimerix DXB.AX rise as much as 10.4% to A$0.265, their biggest intraday pct gain since July 6
** Stock at its highest level since July 7
** DXB stock set to mark its second consecutive session of gains, if trend holds
** Stock up 2.1% in the week so far
** The clinical stage biopharmaceutical firm secures a A$10 million ($6.98 million) loan facility
** Loan facility to support commercial manufacturing of DMX-200, a pill for kidney diseases, ahead of potential marketing approval submission and preparation for commercial launch, among others
** Company separately says it expands pipeline with acquisition of DMX-652 for acute kidney injury
** Near 4.7 million shares change hands, 1.5x the 30-day average
** Stock has fallen 55.5% this year, including session moves
($1 = 1.4318 Australian dollars)
