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Avecho Biotechnology Limited ( (AU:AVE) ) has provided an update.
Avecho Biotechnology Limited has responded to a price query from the ASX, clarifying that the recent increase in the trading volume and price of its securities may be due to market speculation. This speculation surrounds the company’s potential achievement of a significant milestone, being the first to report positive Phase III clinical trial results for a CBD product targeting insomnia, which could lead to new partnerships and licensing opportunities globally.
More about Avecho Biotechnology Limited
Avecho Biotechnology Limited is a company in the biotechnology industry, focusing on developing pharmaceutical products. The company is particularly known for its advancements in CBD products, which are aimed at addressing conditions such as insomnia.
Current Market Cap: A$15.85M
For detailed information about AVE stock, go to TipRanks’ Stock Analysis page.
