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Bioxyne Limited ( (AU:BXN) ) has shared an update.
Bioxyne Limited reported a record second quarter for FY2025, with a significant increase in revenue and positive cash flow. The company saw a 77% rise in Q2 revenue compared to Q1 and a 310% increase from Q2 FY2024, largely driven by major contracts and an expanding product range. The company plans to further increase its manufacturing capacity to meet growing demand and is preparing for expansion into the UK and Europe. Regulatory approvals are expected to facilitate exports to the UK, and a proposed GMP manufacturing facility in Europe is in planning to meet local demand. This progress underscores Bioxyne’s strong market position and continued growth trajectory, benefiting stakeholders and enhancing its competitive edge in the pharmaceutical sector.
More about Bioxyne Limited
Bioxyne Limited is an Australian company operating in the life sciences, pharmaceutical, and consumer health products industry. The company is known for its novel medicines manufacturing, particularly through Breathe Life Science (BLS) Australia, which holds a Good Manufacturing Practice Licence to manufacture medical cannabis products, including Psilocybin and MDMA.
YTD Price Performance: 11.11%
Average Trading Volume: 2,080,728
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61.48M
For a thorough assessment of BXN stock, go to TipRanks’ Stock Analysis page.
