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Nexsen Limited (ASX:NXN)

ALERT: Price-sensitive ASX Announcement for NXN
Current share price for NXN : $0.180 -0.045 (-20%)+
Announcement
Release
25 Jun 2026 8:36AM
Price at Release
$0.225
Full Release
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Summary
Nexsen Limited has secured over $1.5 million in non-dilutive funding to support the scale-up of its rapid diagnostics platform and manufacturing optimisation. The funding is part of a partnership with SAGE-Manufacturing, a research centre led by Monash University and several collaborators, focusing on applying advanced catalysis science to enhance Nexsen's diagnostics capabilities. The project aims to improve detection sensitivity and performance consistency, with two full-time researchers embedded at Nexsen's Australian R&D facility. This collaboration provides significant leverage on Nexsen’s annual cash investment and aligns with the company's plans to expand R&D capacity and manufacturing readiness, ultimately supporting the development of scalable production capabilities for future commercial launches.
Key Points
  • Nexsen Limited secures over $1.5 million in non-dilutive funding.
  • Funding supports manufacturing scale-up and platform optimisation.
  • Nexsen partners with SAGE-Manufacturing, led by Monash University and collaborators.
  • Project focuses on catalysis science to enhance diagnostics platform.
  • Project aims to improve detection sensitivity and performance consistency.
  • Two full-time researchers to work at Nexsen's Australian R&D facility.
  • Eight times leverage on annual cash investment by Nexsen.
  • Supports Nexsen's strategy to expand R&D capacity and manufacturing readiness.
  • Funding to help build scalable production capability for commercial launch.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.