Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Paradigm Biopharmaceutical (ASX: PAR) has opened the purse strings to pick up Proteobioactives Pty Ltd, which has been working on Pentacoxib, an early-stage oral candidate for minor to mild osteoarthritis.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The back-ended deal will cost Paradigm $16.5M in a move managing director Paul Rennie says is “very exciting” – especially as it complements ongoing plans.

“We won’t be changing our focus; we’re still focused on concluding phase three clinical trials with the injectable PPS, but longer term, we have this acquisition, which means we can develop the oral drug for osteoarthritis,” Mr Rennie explained.

Watch the full HotCopper Watchlist interview right here in the browser above.

Join the discussion: See what HotCopper users are saying about Paradigm Biopharmaceutical and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.