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Australian Financial Review | Microba shares soar 55pc after Sonic Healthcare investment

Multibillion-dollar diagnostics services business Sonic Healthcare has acquired a significant minority stake in Microba Life Sciences and struck a strategic partnership with the gut health business. Microba, an ASX-listed small-cap biotech, announced on Tuesday morning that Sonic would invest $17.8 million to acquire a 19.99 per cent stake in the company at 26¢ per share. It is also seeking shareholder approval to acquire options for a further 5 per cent stake.