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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.
Beroni Group has received export authorization for its SARS-CoV-2 Antigen Test Kit (Colloidal Gold Method), enhancing its ability to combat COVID-19. This test kit, CE certified for EU markets since December 2020, requires only a nasopharyngeal swab and provides results within 10 minutes. Clinical results show a sensitivity of 98.36% and specificity of 99.19% for nasopharyngeal sampling. Chairman Jacky Zhang highlighted the kit's importance before vaccination and the company’s readiness to distribute it globally.
Beroni Group (OTCQX: BNIGF) has successfully completed a majority acquisition of PENAO Pty Ltd, securing a 60% shareholding. PENAO focuses on developing the anti-cancer drug PENAO, which has shown promising efficacy and safety in clinical trials. The drug has a faster accumulation rate in cancer cells compared to its predecessor, potentially offering improved treatment options for advanced solid tumors. This acquisition aligns with Beroni's strategy to enhance its oncology portfolio and meet the growing demand for novel cancer therapies.
Beroni Group (OTCQX: BNIGF) announced the successful completion of a SARS-CoV-2 pseudovirus neutralization assay in partnership with GenScript Biotech. This study identifies effective nanobodies capable of neutralizing the virus. Results showed one nanobody achieved over 90% signal reduction, while three others yielded 50% inhibition of pseudovirus infection. Beroni aims to develop aerosolized nanobody treatments for COVID-19, leveraging its research to advance preclinical studies. The company remains committed to finding optimal nanobodies for both detection and treatment solutions against the coronavirus.