Australia's Bio-Gene Technology rises on nod to develop grain protectant

Bio-Gene Technology

11/05/2023 04:40

** Shares of tech developer Bio-Gene Technology Ltd  BGT.AX 
jump as much as 23.8% to A$0.13
    ** Stock set for best session since Oct. 25, 2021 if gains
hold
    ** Co says Grains Research and Development Corporation
(GRDC)confirms support for registration and commercialisation of
Flavocide as a stored grain protectant in Australia
    ** Adds GRDC encourages co to identify and engage with
potential partners for the commercialisation of Flavocide
    ** Stock up 30% so far this year, including session's gains

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))