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Microba Life Sciences (ASX: MAP) has announced a strategic partnership with Sonic Healthcare (ASX: SHL) involving a $17.8 million investment for a 19.99% equity stake at $0.26 per share, with an option to acquire an additional 5%. This collaboration aims to enhance the distribution of Microba's microbiome testing technology across key markets, including Australia, the US, and Europe. Sonic's extensive healthcare network is expected to broaden Microba's market reach, while Sonic's Chief Medical Officer will join Microba's Medical Advisory Board to oversee medical and scientific initiatives.
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