Australia's Next Science surges on sale of assets for $50 million

Next Science

01/07/2025 02:04

** Next Science shares NXS.AX surge 70.1% to A$0.12, after earlier jumping as much as 123.9% for record pct gain

** Medical tech firm to sell majority assets to Demetra Holdings for $50 mln

** Co estimates net proceeds from deal to be around $30 mln

** Trading volume at about 1.5 mln shares, 6.8x 30-day average

** Stock down 41.7% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))