Bionomics Limited Sells its Subsidiaries to Domain Therapeutics

  • Dec 11, 2019 AEDT
  • Team Kalkine

Bionomics Limited (ASX: BNO) a global clinical stage biopharmaceutical company, has accepted an offer from Domain Therapeutics to sell its two wholly owned subsidiaries, PC SAS and Neurofit SAS.

  • Bionomics has an intercompany debt of €1.8 million, which is owed to the subsidiaries for the scientific research conducted by them on Bionomics drug candidates;
  • This debt will be taken by Domain after the acquisition of the companies.

At AEST 01:13PM the stock was trading at $0.085 per share, down by 5.556% from its previous close.

 

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