NZ's BLIS Technologies falls most in 12 years on patent dispute

BLIS Technologies

24/09/2024 03:53

** Shares of New Zealand's BLIS Technologies  BLT.NZ  fall as
much as 47.6% to NZ$0.011, posting their biggest intraday
percentage decline since March 23, 2012
    ** Stock hits its lowest level since Oct. 29, 2013
    ** Probiotic health co says a customer has filed a patent
for co's fermentation process in the U.S., Europe and China
    ** Says co will challenge the patent application and likely
lose the customer, withdraws FY25 guidance
    ** About 3.1 mln shares change hands, compared with the
30-day average volume of around 256,000
    ** Stock down 36.8% YTD, including session's move
     
     

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))