Industry News
Stem Cell Sciences signs licensing deal with Deltagen
Stem Cell Sciences (AIM:STEM, SCS) has signed a licensing agreement with US-based drug discovery tools and services provider Deltagen for use of its patented internal ribosome entry sites (IRES) technology. [ + ]
CSIRO develops sound technology for rapid screening
Point-of-care blood screening at airports, schools and the local GP's office could be a reality following the development of a micro-technology at the CSIRO that uses sound to mix blood. [ + ]
Progen flush as PI-88 trials continue
Brisbane cancer drug developer Progen Industries (ASX:PGL) has reported a strong cash position of AUD$23.43 million, up 64 per cent on last year for the year ended 30 June 2005, as it continues to trial its lead anti-cancer compound. [ + ]
Psivida to collaborate with US firm Cirrus
Perth nano-biotech company Psivida (ASX:PSD, NASDAQ:PSDV, Xetra:PSI) has contracted North Carolina-based R&D organisation Cirrus Pharmaceuticals to develop a number of specific drug candidates formulated in Psivida's modified silicon product BioSilicon. [ + ]
Canola scare shows we're right: Chance
WA agriculture minister Kim Chance has claimed that concerns over a canola crop which may have contained some genetically modified material have supported the state's moratorium on GM crops. [ + ]
Solbec's Coramsine found safe and tolerable
Solbec Pharmaceuticals' (ASX:SBP) devil's apple-derived drug Coramsine (SBP002) has met the primary endpoint of safety and tolerability for the two-hour infusion cohort of its single agent phase I clinical trial for advanced solid tumours. [ + ]
Second Sunshine implant removed after infection
The second patient to receive Sunshine Heart's (ASX:SHC) C-Pulse device has had the device removed one month after it was implanted, after he developed a related infection. [ + ]
Eiffel hanging on as cash dwindles
Sydney drug re-engineering company Eiffel Technologies (ASX:EIF) has released its results for the 2004-05 financial year, showing losses of AUD$3.5 million -- down 8.3 per cent from the previous year -- but less than $630,000 cash in the bank. [ + ]
Bone to become subsidiary of Bone Medical
Perth-based Bone Medical (ASX:BNE) has signed a share purchase agreement with UK R&D company Proxima Concepts to acquire 100 per cent control of British biopharma firm Bone -- the company that holds the licenses to Bone Medical's platform technologies. [ + ]
GTG lists on Nasdaq national market
Melbourne-based Genetic Technologies (ASX:GTG) has listed its Level II American Depositary Receipts (ADRs) on the US Nasdaq national market. [ + ]
Opara: biotech market needs education
Dr Richard Opara, a substantial shareholder in biotech companies Polartechnics (ASX:PLT) and Avantogen (ASX:ACU), is trying to raise money for a new start-up capital biotech fund, but is finding the going tough in Australia and may have to go overseas to find the cash. [ + ]
Tracking infectious disease 'barcodes'
The fastest and cheapest way yet of identifying and tracking the bugs that cause major human infections is being trialled at Queensland University of Technology (QUT).
[ + ]Bionomics allowed US epilepsy gene patent
South Australian genomics company Bionomics (ASX:BNO) has received a notice of allowance for a US patent, forming part of the company's patent portfolio covering a diagnostic test for severe forms of childhood epilepsy. [ + ]
In brief: Avantogen, Novogen, Peplin, ResMed
Alastair Hood has resigned as a director of Avantogen (ASX:ACU), formerly Australian Cancer Technology, citing increased corporate and travel commitments with his investment company Bluespire as the reason for his departure. [ + ]
Clinical Cell Culture posts record revenues
Tissue-engineering biomedical company Clinical Cell Culture (ASX:CCE, C3) has posted record revenues of AUD$1.4 million, up 51 per cent in the 18 month period from January 1, 2004 to June 30, 2005 (2003: $0.95 million). [ + ]