So did I miss something??
Brisbane, Australia, 24th July 2014
Admedus (ASX: AHZ) today announced that it has increased its ownership in Admedus Vaccines, the platform vaccine development company led by Professor Ian Frazer. Over the last twelve months Admedus has increased its holding from 50.1% to 66.3%.
"This is in-keeping with our planned use of funds from the recent capital raising and reflects the ongoing positive progress being made by Professor Ian Frazer and the therapeutic vaccines development team" said Admedus CEO Mr. Lee Rodne.
Earlier this year Admedus announced positive interim results from the Phase I Herpes Simplex 2 (HSV-2) therapeutic vaccine trial. The Company is scheduled to report additional data this quarter, once confirmatory assays have been completed. The current investment, ahead of these results, is designated to fund the planned Phase II HSV-2 study which is due to be initiated by the end of 2014.
Take a chill pill, the quarter isn't over yet...
buyers v sellers, page-39
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