Gufic Biosciences Approves Q3 FY26 Results and Invests in Selvax Pty Ltd
Gufic Biosciences Limited approved its Q3 FY26 unaudited financial results. The company also approved a further investment of up to USD 50,000 in Selvax Pty Ltd, an Australian biotech firm. This strategic acquisition aims to diversify into oncology treatments and is expected to complete within four months.
The investment in Selvax Pty Ltd represents a strategic diversification into a new sector, which could have a medium-term impact on the company's growth and market position.
The approval of financial results and the strategic investment in a biotechnology company with potential for future growth are positive developments.
Gufic Biosciences Limited announced the outcome of its Board of Directors meeting held on February 13, 2026. The board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The company also approved a further investment in Selvax Pty Ltd, an Australian biotechnology company focused on developing novel immunology-based treatments for large solid tumors. The investment involves subscribing to 378,350 ordinary shares at AUD 0.20 per share, for a total consideration not exceeding USD 50,000. This strategic move aims to diversify Gufic Biosciences into the healthcare and biotechnology sector, leveraging Selvax's proprietary technology and research capabilities for potential long-term value creation in human and veterinary oncology. The acquisition is expected to be completed within four months and is not a related party transaction. The board meeting commenced at 06:30 p.m. and concluded at 08:00 p.m. on February 13, 2026.
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