Cellmid Ltd's (ASX:CDY) Maria Halasz, chief executive officer, has lifted her indirect stake in the company through an on-market trade.
Halasz picked up 652,600 shares for a consideration of $19,350, or around $0.03 per share.
The shares were bought between the 15th – 17th June 2016.
Halasz now holds a stake of:
- Direct: 1.55 million shares and 12 million loan shares; and
- Indirect: 10 million shares, 1.5 million $0.034 options and 5 million $0.032 options.
Cellmid Ltd launch to drive revenue
Earlier in the month Cellmid launched its Advangen evolis® Professional hair growth product range in Australia.
The range includes 13 new products all with Cellmid's unique FGF5 inhibitor hair growth technology.
Revenue from the evolis® Professional products is expected to contribute markedly to the overall Australian target in the medium term.
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