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Paradigm Biopharmaceuticals finished the week on a high with progression for its PPS drug.

ASX closed lower; Computershare hit a 52-week high; Paradigm Biopharmaceuticals rallied on trial approval

The ASX200 closed 0.37% lower on Friday at 7342.60 points.

Computershare hit a 52-week high as founder resigned from the board.

Paradigm Biopharmaceuticals rallied on approval for phase 3 clinical trial.

The Australian market closed 0.37% lower at 7342.60 on Friday as the gold miners led losses on the ASX with Ramelius Resources posting the greatest loss of 5.73%. The turbulent start to the week meant the ASX posted a 0.83% loss for the week.

The tech sector overturned a morning rally to close lower today as Wisetech Global fell 2.58%, Xero lost 2.52% and Appen closed the session 2.03% lower.

Bitcoin is trading 1.21% higher over the last 24-hours at US$44,363.33 at 4:30pm AEST.

Financial administration company Computershare soared to a 52-week high share price of $17.95 during today’s session following the company announcing that founder, Chris Morris, will leave the board on November 11. Chris Morris will be replaced on the board by John Nendick, a ‘senior financial executive who is an expert in new business models, global financial, account and audit matters’ and other expertise.

Making headlines, Australian-based Paradigm Biopharma jumped 2.4% today after providing an update on its upcoming clinical trial. Paradigm announced that it has received an Australian ethics approval for its pivotal phase 3 clinical trial in participants with knee osteoarthritis pain. The study will trial Paradigm’s PPS and a placebo given to patients with Osteoarthritis Pain.

And popular digital pet game from 2005, Neopets, is revamping through the launch of its first NFT collection, the Neopets Metaverse collection.

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