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GBS Inc Announces Application for FDA Breakthrough Device

GBS Inc Reports First Quarter 2021 Financial Results and Recent Business Highlights

GBS Inc Reports First Quarter 2021 Financial Results and Recent Business Highlights
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IQX Limited (NSX:IQX) Progress of Clinical Programs - ABN Newswire (@ABN_Newswire)

IQX Limited (NSX:IQX) Progress of Clinical Programs    Progress of Clinical ProgramsSydney, April 29, 2021 AEST (ABN Newswire) - iQX Limited (iQX Ltd) ( NSX:IQX) would like to announce that Life Science Biosensor Diagnostics Pty Ltd (LSBD) in which iQX Ltd holds a 19% equity position, has received approval from the Harvard Longwood campus Institutional Review Board (IRB) to commence a clinical validation study to test patient samples from a COVID-19 repository. The study follows a partnership with the Wyss Institute for Biologically Inspired Engineering at Harvard University (Wyss Institute), through Life Science Biosensor Diagnostics Pty Ltd subsidiary, GBS Inc. ( Nasdaq:GBS), a Delaware corporation, to develop a novel diagnostic SARS-CoV-2 test.

2 More IPOs Make Their Trading Debuts Today

GBS opened for trading and both ended up breaking in their debuts. Shares of Inhibikase (ticker: IKT) rose as much as 18% Wednesday. The stock opened at $10.67, hit a high of $11.80, and closed at $9.90. Because it finished 10 cents below its $10 IPO price, Inhibikase is considered a broken deal. Late Tuesday, Inhibikase raised $18 million after cutting the size of its deal but pricing significantly above its expected range. The Atlanta company had initially planned to sell 2,272,727 shares at $10 to $12, then cut it to 1.4 million, which was then reduced to the current 1.8 million shares at $10 each. Inhibikase was scheduled to trade last month, but delayed the deal. ThinkEquity, a division of Fordham Financial Management, is the underwriter on the deal.

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