Novelix Pharmaceuticals Ltd — Important, 03-06-2026: Company Update

Novelix Pharmaceuticals Limited has entered into an agreement with GMBU e.V., Halle (Saale), Germany, for the commercial scale-up of Astaxanthin production. This strategic move, to be executed at the company’s research facilities in Hyderabad, follows successful pilot scale production. This agreement is a significant step towards transitioning Astaxanthin into large-scale market availability, indicating the company's progression in its product development lifecycle and potentially enhancing its future operational capacity and market presence.