NZX-listed Rua Bioscience’s losses before tax narrowed to NZ$5.96 million in FY23, compared to $7.49m in the previous year.
Total revenue was recorded as $6.53m, up from $650k in FY22, of which $5.85m was a non-cash fair-value gain resulting from a reduction in the payment liability to ex-Zalm shareholders following its acquisition by Rua in January 2022.
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