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Island Pharmaceuticals Limited to list on the ASX today following oversubscribed A$7.5m IPO

6:00 AM
MELBOURNE, Australia, April 13, 2021 /PRNewswire/ Australian antiviral drug development company, Island Pharmaceuticals (Island) is set to list on the Australian Securities Exchange (ASX) today after raising A$7.5 million through its Initial Public Offer (IPO) which was significantly oversubscribed.
Island shares are due to begin trading on the ASX around
10:30am AEST under the ticker code ILA. The IPO values Island at A$20.2 million, following the issue of 30 million fully paid ordinary shares at an offer price of A$0.25 per share.
The Company is repurposing ISLA-101, an oral antiviral drug, to treat mosquito-borne viruses, initially focusing on dengue fever – which the World Health Organization calls the most widespread and rapidly increasing vector-borne disease in the world ....

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Dengue fever drug company Island Pharmaceuticals surges 124 per cent on debut

Drug repurposing company Island Pharmaceuticals was started in 2017 after its founders decided there had to be a better way to treat mosquito-born viruses. ....

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