Powerhouse makes first investment post-ASX listing

Christchurch-based Powerhouse Ventures has already made its first investment since listing on the ASX last week – taking a stake in a cancer diagnostic system.

It invested A$500,000 (NZ$514,880) in Ferronova’s system developed by Victoria University of Wellington and the University of South Australia.

Magnetic probes allow surgeons to more accurately assess the spread of cancer throughout the body.

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