Monash IVF admits to second embryo transfer bungle this year
Monash IVF says it has mistakenly transferred the wrong embryo to a patient in a Melbourne laboratory, the second time in three months that the ASX-listed fertility services has admitted to the same error.
Monash IVF shares slumped more than 17 per cent on Tuesday, after the company disclosed the issue, taking their slide to almost 50 per cent since the original incident was made public in early April.
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Lunch Wrap: ASX jumps, Bitcoin nears record, Monash IVF tanks on new blunder
ASX edges up as energy and tech rally Monash IVY dives on another embryo mishap Bitcoin nears record again The ASX kicked off Tuesday with a bit of bounce, rising 0.75% by lunch time, AEST. Local investors shrugged off Wall Street's quiet session overnight, and pounced on retail, bank and energy stocks while keeping one eye on Bitcoin's rally. Traders were also glued to US-China trade talks unfolding in London. Six hours of negotiations ended last night with vague optimism. Trump called the talks 'positive but not easy', while his team labelled them 'fruitful'. The Chinese delegation stayed quiet. 'There's this growing optimism again that the negotiations will ultimately reach an agreement,' said Takeru Ogihara at Asset Management One. If China agrees to release rare earths in volume as part of a deal, experts believe it could send tailwinds through the semiconductor, data centre, and battery metal sectors. Elsewhere, Bitcoin's back on the charge, smashing through US$110k for the first time in nearly two weeks. It's now less than 2% off its all-time high of $111,814, with traders eyeing a possible run to $120K if momentum holds. Back to the ASX, and this is where things stood at about 12.40 pm, AEST: In the large caps space, NextDC (ASX:NXT) soared nearly 7% after announcing its move into Malaysia, a step that signals it's serious about extending its data centre reach into Southeast Asia. Meanwhile, there's growing optimism around IPO activity, with whispers that ASIC might loosen the process to help bring more listings to market. Virgin Australia's ASX return on June 24 is the big test case, and if retail investors pile in, analysts say it could open the floodgates for more public debuts. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 10 : Security Description Last % Volume MktCap ICE Icetana Limited 0.027 69% 5,585,810 $7,010,282 CZN Corazon Ltd 0.003 50% 1,875,851 $2,369,145 KTA Krakatoa Resources 0.014 40% 28,438,375 $6,201,340 BP8 Bph Global Ltd 0.002 33% 1,757,415 $1,576,477 HLX Helix Resources 0.002 33% 6,075,136 $5,046,291 MKL Mighty Kingdom Ltd 0.018 29% 3,345,192 $6,805,984 FRE Firebrickpharma 0.085 27% 157,319 $15,046,622 ASR Asra Minerals Ltd 0.003 25% 1,533,343 $5,533,072 EDE Eden Inv Ltd 0.003 25% 1,101,963 $8,219,762 MRD Mount Ridley Mines 0.003 25% 277,400 $1,556,978 OVT Ovanti Limited 0.003 25% 7,788 $5,587,030 TFL Tasfoods Ltd 0.005 25% 100,000 $1,748,382 VRC Volt Resources Ltd 0.005 25% 959,170 $18,739,112 YAR Yari Minerals Ltd 0.010 25% 5,201,318 $4,437,692 EXL Elixinol Wellness 0.016 23% 1,427,802 $2,982,090 FCT Firstwave Cloud Tech 0.016 23% 3,216,703 $22,275,743 ADO Anteotech Ltd 0.009 21% 6,510,770 $18,937,102 BSN Basinenergylimited 0.023 21% 701,461 $2,333,757 EPM Eclipse Metals 0.018 20% 21,881,585 $42,987,285 NTU Northern Min Ltd 0.036 20% 13,928,218 $250,714,675 AUR Auris Minerals Ltd 0.006 20% 85,000 $2,383,130 FHS Freehill Mining Ltd. 0.006 20% 4,051,939 $16,167,639 icetana (ASX:ICE) has just signed its biggest deal yet, a $3.6 million strategic partnership with SoftBank Robotics to take its surveillance AI tech deeper into Japan and beyond. The deal includes a $1.87 million equity investment, giving SoftBank a 17.6% stake, and makes it icetana's exclusive distributor in Japan, with a minimum sales commitment of $693,000 a year. The two are also teaming up on a three-year, $1.08 million joint development program to plug icetana's AI into SoftBank's security and automation platforms. Krakatoa Resources (ASX:KTA) is gearing up for its first-ever drill program at the Zopkhito antimony-gold project in Georgia. Drilling is set to kick off in early July, targeting 7000-10,000m of diamond drilling. Geophysical surveys will help map out potential extensions of the current foreign resource estimate, which includes 26,000 tonnes of antimony and over 815,000 ounces of gold. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 10 : Code Name Price % Change Volume Market Cap LNR Lanthanein Resources 0.001 -33% 431,800 $3,665,454 MVF Monash IVF Group Ltd 0.565 -24% 28,943,852 $290,277,956 BIT Biotron Limited 0.002 -20% 222,000 $3,318,115 CHM Chimeric Therapeutic 0.004 -20% 128,813 $10,075,971 ERL Empire Resources 0.004 -20% 532,001 $7,419,566 PKO Peako Limited 0.002 -20% 18,817,123 $3,719,355 RDS Redstone Resources 0.004 -20% 4,008,107 $5,171,337 TEM Tempest Minerals 0.004 -20% 1,032,551 $3,672,649 LAT Latitude 66 Limited 0.036 -18% 345,133 $6,309,631 AZI Altamin Limited 0.024 -17% 375,302 $16,660,584 NGX Ngxlimited 0.120 -17% 1,090 $13,138,717 BLZ Blaze Minerals Ltd 0.003 -17% 1,000,000 $4,700,843 FBR FBR Ltd 0.005 -17% 2,279,656 $34,136,713 GLL Galilee Energy Ltd 0.005 -17% 135,000 $4,243,157 MGU Magnum Mining & Exp 0.005 -17% 50,000 $6,729,905 HCT Holista CollTech Ltd 0.051 -15% 22,875 $17,146,003 AS2 Askarimetalslimited 0.006 -14% 621,216 $2,829,195 DTM Dart Mining NL 0.003 -14% 20,034 $4,193,195 EM2 Eagle Mountain 0.006 -14% 1,416,198 $7,945,261 FAU First Au Ltd 0.003 -14% 215,182 $7,251,976 M2R Miramar 0.003 -14% 500,000 $3,488,881 SHP South Harz Potash 0.003 -14% 3,088,888 $3,859,550 S2R S2 Resources 0.074 -13% 941,975 $38,492,929 At Monash IVF Group (ASX:MVF), things went from bad to worse. The company's shares sank 24% this morning after confirming another embryo mix-up; this time at its Clayton lab, where an embryo was incorrectly transferred to the patient rather than her partner, in contrast to the treatment plan. This comes just months after a separate incident in Brisbane, where the embryo of one patient was mistakenly implanted into another, resulting in a birth with the wrong biological parent. Monash says it's expanding its internal review. Coal stock Coronado Global Resources (ASX:CRN) fell despite sealing a deal with Queensland government-owned power provider Stanwell, which will tip in US$150 million in liquidity in return for up to 800,000 tonnes of thermal coal per year starting 2027. LAST ORDERS Star Minerals (ASX:SMS) has inked a drill for equity agreement with Impact Drilling, contracting them to undertake a drilling program at the Tumblegum South gold project in WA. Under the agreement up to 25% of the direct drilling costs will be paid in SMS shares, with the program designed to test for extensions of structural gold targets and infill the current pit boundary. HyTerra (ASX:HYT) has completed the Blythe 13-20 well at the Nemaha project on time and within budget with no health, environment or safety incidents, targeting hydrogen and helium. Mud gas log readings have indicated the presence of both gases in the area – HYT has sent mud gas samples from the surface of the well for independent verification and compositional analysis. Aura Energy (ASX:AEE) has reshuffled its executive board in an effort to expand options and efforts to secure project financing. Non-executive chair Philip Mitchell will transition to an executive role to leverage his extensive business development expertise, while Andrew Grove will continue as managing director and CEO. EZZ Life Science (ASX:EZZ) has signed a three-year, $21 million distribution deal with ROFA Enterprises to sell its products in Thailand, Vietnam, and Singapore starting June. ROFA will handle all marketing and logistics, while EZZ retains full brand control. The deal blocks ROFA from selling competing products and marks a key step in EZZ's Southeast Asia growth strategy. IN CASE YOU MISSED IT Mid-tier gold producer St Barbara is set to take a substantial shareholding in Geopacific Resources (ASX:GPR), as the junior releases more encouraging exploration news and a positive analyst report from its flagship Woodlark Project. Titanium Sands (ASX:TSL) has made significant progress at the Mannar heavy mineral sands project in Sri Lanka in recent months and will present the project and provide an overview of the next steps to finalise approval of the key Industrial Mining Licence at a promotional roadshow. At Stockhead, we tell it like it is. While EZZ Life Science, Star Minerals, HyTerra and Aura Energy are Stockhead advertisers, they did not sponsor this article.
