Australia's Nexsen surges on collaboration with Malaysia's IHH unit

Nexsen

13/05/2026 02:37

** Shares of Nexsen NXN.AX rise as much as 18.9% to A$0.22, their highest level since April 27

** Nanobiotech firm signs binding term sheet with GHK Hospitals, a unit of Malaysia's IHH Healthcare IHHH.KL

** Collaboration for clinical validation, data generation and commercialisation of co's point-of-care diagnostic platform in Asia

** More than 981,600 shares change hands, 2.2 times the 30-day average

** Stock up 34.4% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))