Industry News
Pharmaxis to list on Nasdaq
Drug developer Pharmaxis (ASX:PXS) has received approval to list its American Depositary Receipts (ADRs) on the Nasdaq National Market under the symbol PXSLY. [ + ]
Sirtex can't explain share surge
Sirtex Medical (ASX:SRX) has been asked by the ASX to explain why its share price soared from $1.90 on August 15 to $2.45 on August 22. [ + ]
Florigene plans blue rose field trials
Melbourne-based novelty flower developer Florigene is planning the first field trial of its genetically modified roses carrying the company's proprietary 'blue gene' technology. [ + ]
Pfizer exec: what earlier licensing means for partnering
Big pharma is licensing new projects earlier, and that means prospective partners need to be creative, a Pfizer licensing director has told a Melbourne meeting. [ + ]
GroPep reports double profits
Adelaide-based GroPep (ASX:GRO) has recorded pre-tax profit of AUD$3.1 million for the year ending 30 June 2005, an increase of more than 200 per cent over the $1 million reported last year. [ + ]
$1m up for grabs in Qld grants
The Queensland government is offering $950,000 to local entrepreneurs in its start-up scheme, double the amount offered in previous years. [ + ]
Benitec and Promega settle litigation
RNAi specialist Benitec (ASX:BLT) and Wisconsin-based Promega have settled their contract dispute which began last year. [ + ]
Astop Biohealth plans ASX listing
Astop Biohealth, an unlisted natural medicines company established in 2001 and chaired by Perth entrepreneur Kevin Parry, is planning to list on the ASX before the end of the year. [ + ]
Ventracor implants second US patient
Artificial heart company Ventracor (ASX:VCR) has implanted its second VentrAssist left ventricular assist system (LVAS) in the United States. [ + ]
Measuring the impact of the investment in health research workshop
The Health Research Council of New Zealand (HRC) is convening a two-day workshop in Auckland 10 to 11 November 2005: Measuring the impact of the investment in health research.
[ + ]Alchemia pleased with cash position, Bionomics revenues up
Brisbane biopharma Alchemia's (ASX:ACL) financial results for the year ending June 3 reveal that the firm has $15.9 million in the bank to support the development program of its lead anti-cancer drug candidate ACL 16907. [ + ]
New VC fund launched in New Zealand
It has been a big year for regional biotech-flavoured venture funds to be launched from New Zealand. The latest is Finistere Partners, a San-Diego based venture capital firm, which has launched a new fund targeted at agricultural biotechnology and medical devices. [ + ]
EpiPharm psoriasis treatment recommended for PBS reimbursement
Exorex, a non-steroidal treatment for psoriasis exclusively marketed in Australia by Epitan's (ASX:EPT) wholly-owned subsidiary EpiPharm, has been recommended by the Pharmaceutical Benefits Advisory Committee for Pharmaceutical Benefits Scheme (PBS) reimbursement. [ + ]
NeuroSolutions to collaborate with Epichem
NeuroSolutions, a subsidiary of newly listed neurology-focused biotech company NeuroDiscovery (ASX:NDL) has entered into a collaborative agreement with Epichem, a subsidiary of PharmAust (ASX:PAA) to assist with the development of one of NeuroSolutions' lead pain drug candidates, NSL-036. [ + ]
Find the right investor, biotechs warned
Biotechnology companies should not take money from just anybody, a meeting in Sydney heard this morning. [ + ]