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BIF adds BioOra to its investment portfolio

13/12/2024, 00:37 Coordinated Universal Time, TRANSACT

13 December 2024 Booster Innovation Fund adds BioOra to its investment portfolio Booster is pleased to announce the addition of BioOra to the Booster Innovation Fund (BIF) portfolio. BioOra operates in the human health part of the life sciences and medical technologies sector. It specialises in automating the CAR T-cell therapy manufacturing process to reduce patient costs and increase accessibility. BioOra was formed in 2021, and is classified as early stage, with its technology origins being from Malaghan Institute of Medical Research (MIMR). BIF will make a cash investment of $400,000 (and issue of additional units to fund the purchase), BioOra will represent 2.0% of BIF’s investment portfolio of 36 active companies, and with a net asset value of over $20.4m. Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of the process described in the fund’s Product Disclosure Statement (PDS) that is available at www.booster.co.nz. For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx For more information, please contact: Gary Scott Company Secretary Booster Investment Management Limited 04 8944300 About Booster Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $7 billion on behalf of more than 200,000 New Zealanders. BIF is a managed investment fund that invests in early-stage companies founded on intellectual property originated or developed in New Zealand. For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz