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Argent Biopharma Limited (ASX:RGT)
ALERT: Price-sensitive ASX Announcement for RGT
Current share price for RGT : $0.031 -0.019 (-38%)+
Announcement
Release
28 Jul 2026 8:25AM
Price at Release
$0.050
Full Release
Summary
Argent Biopharma Limited announced key developments in its operations and financial status in its June 2026 Quarterly Activity Report and Appendix 4C Cash Flow Report. The company executed a licensing deal with Splash Beverage Group for CannEpil®, addressing its secured debt. It completed the acquisition of AusCann Group Holdings Ltd's interest in CannPal Animal Therapeutics, enhancing its neuro-immune strategy and asset base. The company reported operating cash outflows of A$600,000 with a closing cash balance of A$141,000, and drew additional funding post-quarter. The report reflects Argent's strategic focus on high-impact therapies for immune dysregulation and inflammatory disorders.
Key Points
- Executed global licensing deal with Splash Beverage Group for CannEpil®
- Completed acquisition of AusCann's interest in CannPal Animal Therapeutics
- Focused on neuro-immune strategy with potential US listing
- Reported operating cash outflows of A$600,000
- Closing cash balance of A$141,000
- Drew additional funding of A$350,000 post-quarter end
- Strategic focus on immune dysregulation and inflammatory disorders
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.
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