Beroni Group Ltd Stock Price, News & Analysis

Beroni Group (OTCQX: BNIGF) has appointed Dr. John Chiplin as an independent director effective April 1, 2022. Dr. Chiplin brings extensive biotech experience, having previously helmed companies like Polynoma and Benitec Biopharma. His expertise is expected to enhance Beroni's clinical development efforts and support the company’s growth objectives. The appointment comes as Beroni seeks to accelerate its global expansion and raise capital for research and development, particularly in oncology and cell therapies.

Beroni Group (OTCQX: BNIGF; NSX: BTG), an Australia-based biopharmaceutical company, has announced its participation in the 2022 Virtual Growth Conference organized by Maxim Group LLC and M-Vest. This event will take place from March 28th to 30th, 2022, featuring presentations and discussions from various sectors, including Biotech and Healthcare. Attendees can sign up to access the conference and hear insight from industry executives. Beroni is noted for its innovative therapies targeting global diseases, with operations across Australia, the U.S., China, and Japan.

Beroni Group (OTCQX: BNIGF; NSX: BTG) has announced plans to establish its first Research & Development (R&D) center in the Zhuhai National High-Tech Industrial Development Zone, China. The new facility, covering 4,000 square meters, will include laboratories and a GMP pilot manufacturing plant. Beroni is investing US$10 million into clinical trials at this site. This initiative aims to enhance drug development, focusing on oncology and immunotherapy. Construction is set for completion in Q2 2022, with the center fully operational later in the year.

Beroni Group (OTCQX: BNIGF) announced a partial payment of US$1.07M for its SARS-CoV-2 Antigen Test Kit from a Tokyo-based pharmaceutical company. So far, about two-thirds of the kits have been produced and delivered. The test kit enhances convenience, needing only a nasopharyngeal swab, with results available in 10 minutes. It has demonstrated 95% sensitivity and 100% specificity, receiving CE certification in December 2020. As COVID-19 cases decline in Japan, the rapid test is critical for public health and economic recovery.

Beroni Group (OTCQX: BNIGF) has announced the acceptance of its article on SARS-CoV-2 nucleocapsid protein for publication in the FEBS Journal. This work details the identification of two crystal structures of the protein, which is essential for viral RNA packing and infection. The company has discovered four single-domain antibodies (sdAbs) that target various nucleocapsid protein regions, showing potential for future diagnostic and therapeutic applications. Beroni aims to further this research into clinical trials to aid in combating COVID-19.

Beroni Group announced that its subsidiary PENAO Pty Ltd has received approval from the Australian government for a 43.5% annual R&D rebate on eligible expenditures, including overseas R&D activities. The PENAO anti-cancer drug is on track for completion in the first half of 2022, with raw materials procured and optimization studies underway in India. CEO Jacky Zhang highlighted the government's backing as a sign of due diligence, showcasing Beroni's commitment to addressing the medical needs of cancer patients globally.

Beroni Group (OTCQX: BNIGF) announced positive results from its latest clinical study of the SARS-CoV-2 Antigen Test Kit, achieving an overall sensitivity of 95% and specificity of 100%. The study involved 70 subjects with distinct swab sampling methods highlighting sensitivities of 92% for nasal, 97% for nasopharyngeal, and 95% for oropharyngeal samples. Notably, the kit demonstrated no interference from 8 substances or cross-reactivity with 9 pathogens. CE certified since December 2020, the test provides results in 10 minutes, reinforcing Beroni’s commitment to combating COVID-19.

Beroni Group (OTCQX: BNIGF) announced a key milestone in its cancer drug development with PENAO Pty Ltd, which secured a manufacturing contract with Aurigene Pharmaceutical Services, a subsidiary of Dr Reddy’s Laboratories. The drug PENAO has shown safety and promising efficacy in an initial phase I trial and is set for a phase II trial in H1 2022. This trial will involve administering PENAO to patients with advanced solid tumors with a focus on its anti-tumor effects. CEO Jacky Zhang highlighted PENAO’s potential across various difficult-to-treat cancers.

Beroni Group (OTCQX: BNIGF) announced the issuance of US$2 million in convertible notes to a Japanese investor. The offering includes 20,000 notes with a face value of US$100 each, maturing on May 27, 2022, and an interest rate of Nil. Convertible notes can be converted into shares at a price of US$10 per share. The funds raised will support the Company's research and development initiatives. Hibiki Financial Advisor Co. Ltd acted as the Lead Manager for this offering.