P.T. SELATOX BIO PHARMA announced that it will issue 20,000 shares at price of IDR 10,000,000 per share for gross proceeds of IDR 200,000,000,000 on October 27, 2023. The transaction included participation from returning investor Daewoong pharmaceutical Co.,Ltd. This has been approved by the board of directors of the company. The transaction is expected to close on December 31, 2023.