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Propanc Biopharma Authorizes $5 Million Stock Buyback Program; Shares Jump

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Propanc Biopharma (PPCB) said Thursday it approved a share repurchase program allowing it to buy back up to $5 million of its common stock.

Under the program, Propanc Biopharma may repurchase shares from time to time in amounts, at prices and at times it deems appropriate, subject to market conditions, the company said.

Propanc said the company "is entering a transformative stage with a novel, first-in-class cancer therapy for treatment & prevention of metastatic cancer from solid tumors."

Propanc Biopharma shares were more than 250% higher in Thursday trading.

Price: $5.33, Change: $+3.98, Percent Change: +294.81%

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