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Additional Information
Market:ASX
Sector:Pharma & Biotech
EPIC:SPL
Latest Price: 1.60  (2.24% Ascending)
52-week High:1.86
52-week Low:0.96
Market Cap:447.88M
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Starpharma Holdings

Starpharma Holdings (ASX: SPL) is focused on the development of dendrimer nanotechnology for pharmaceutical, drug delivery and other applications. Products based on Starpharma’s dendrimer technology are already on the market as diagnostic elements and laboratory reagents through licence agreements.

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Orbis Investment Management acquires 2.6m shares in Starpharma Holdings

Friday, June 18, 2010
Orbis Investment Management acquires 2.6m shares in Starpharma Holdings

Substantial shareholder Orbis Investment Management has significantly increased its investment in Australian-listed biotechnology company, Starpharma Holdings (ASX:SPL, OTCQX:SPHRY) with the acquisition of 2,564,237 SPL shares on-market at an average price of $0.64 per share between 21 May to 16 June. 

Orbis lodged the change in interests of substantial holder and now owns 20,809,309 shares or 8.71% of Starpharma.

Starpharma is a market leader in the development of dendrimer products for pharmaceutical, life-science and other applications.

Its partnerships include Durex, Lilly, Elanco, Stiefel (now GSK), Siemens and Merck. Commencement of royalty revenue is estimated to commence in CY11 with VivaGel coated condoms.

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