Agenix bags US$2M from sale of drug treatment assets - Agenix - TopicsExpress

Agenix bags US$2M from sale of drug treatment assets - Agenix (ASX:AGX) should trade higher today after signing a binding agreement to divest its AGX-1009 China project to Cinkate Pharmaceutical Intermediates (Cinkate) for US$2 million.This is highly significant for the company as it has been sold down recently due to a perceived lack of cash, and the $2 million sale price exceeds Agenixs entire current market cap of just $1.8 million.Under the terms of the sale, Cinka... ow.ly/2GSxhB

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