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FINWIRES

Bioxyne Unit Signs AU$50 Million Medicinal Cannabis Supply Deal With ADREXpharma

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Bioxyne, (ASX:BXN) through its subsidiary Breathe Life Sciences, has secured a two-year AU$50 million agreement with German pharmaceutical firm ADREXpharma to supply Good Manufacturing Practice (GMP)-produced medicinal cannabis products into Germany, according to a Tuesday filing with the Australian bourse.

The agreement includes a minimum purchase commitment of AU$25 million within the first 12 months, offering near-term revenue visibility, and will automatically renew for another 12-month term, per the filing.

The agreement extends an existing partnership, strengthening the company's position in Germany and supporting its expansion of GMP-certified production and regulated pharmaceutical supply across Europe, the filing added.

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