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Phosphagenics changes name to Avecho Biotechnology

Phosphagenics Ltd. said the Australian Securities and Investments Commission has processed the company's name change to Avecho Biotechnology Ltd.

The company is also changing its ticker symbol on the ASX to AVE from POH. The ticker change will be effective May 27.

Melbourne-based Phosphagenics develops products using its drug delivery system for the pharmaceutical, skin care, animal health and nutrition industries.