Its Over, page-7191

Developing a fabric from liquid waste has propelled small cap Nanollose to the top of the ASX healthcare sector, where 74 companies gained ground, 48 lost it, and 10 companies were flat in the past fortnight.

Nanollose (ASX:NC6) has been the biggest gainer since December 20. Its shares had traded around 5c since November before soaring January 13 after the bio-materials company applied for a patent with Grasim Industries for a lyocell fibre made of microbial cellulose.

This week, NC6 shares traded as high as 22c on Tuesday before falling to close at 19c on Wednesday.

The $26 million company is working to commercialise a rayon fabric derived from liquid waste, rather than tree fibres.

The company’s executive chairman, Wayne Best, said in announcing the patent that Nanollose is looking forward to commencing pilot production and “presenting textiles made from this remarkable fibre to the fashion industry”.

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