Industry News
Chemeq company secretary steps down
Chemeq's (ASX:CMQ) company secretary Adam Deane has advised the company that he intends to step down. He is the third person from the company's executive team to leave since mid-December. [ + ]
Methylation tests herald new cancer diagnostics and treatments
Eighteen years ago CSIRO biochemist Dr Robin Holliday first advanced the radical idea that that perfectly normal genes inactivated by hypermethylation played a role in the onset of cancer. Today, specific, sensitive tests for methylation are being developed which could play a role in early detection of cancer. [ + ]
VRI probiotics inhibit inflammation
VRI Biomedical (ASX:VRI) has reported success in the first stage of a drug discovery program to identify the molecule responsible for the anti-inflammatory effects of its probiotic bacterial strain PCC. [ + ]
February a cruel month for biotech
Biotechnology stocks fell 7 per cent in February, dropping below their August 2003 levels, according to stockbroker Intersuisse. [ + ]
Metabolic confirms dosing study
Metabolic Pharmaceuticals (ASX:MBP) has confirmed that it will perform a further dosing study of its anti-obesity drug AOD9604, but a final decision on the protocol must await the outcome of partnering discussions [ + ]
Novogen fast-tracks ovarian cancer study
Novogen (ASX:NRT) subsidiary Marshall Edwards (NSDQ:MSHL; MSE-AIM:MSH) has outlined its plans for Phase IIb and Phase III studies of its anti-cancer drug phenoxodiol for treatment of recurrent, chemo-refractory ovarian cancer, which received fast-track status from the FDA late last year. [ + ]
Chemeq says it will meet production requirements
Chemeq (ASX:CMQ) has clarified its current and future production capabilities after questions were raised in a research report about the ability of the company to produce the levels of product required by new investment partner Mizuho. [ + ]
Stirling goes back to the drawing board
Stirling Products (ASX:STI) will extend its proof-of-concept studies to include a more direct delivery method after analysis of levels of its beta agonist ST810, a single enantiomer form of salbutamol, in the bloodstream of merino lambs showed that the growth promoter was not getting into the bloodstream. [ + ]
In brief: Epitan; Genesis R&D
Epitan (ASX:EPT) has been given the green light to go ahead with its Phase II study evaluating the photo-protective effects of its sustained release formulation of Melanotan, after receiving ethics approval from the Royal Prince Alfred Hospital in Sydney. [ + ]
Schizophrenic brains out of synch: study
Scientists at Sydney's Westmead Millenium Institute (WMI) have discovered that a rapidly-pulsed electrical signal that normally integrates the brain's many different activities 'misfires' in schizophrenia. [ + ]
Science network realised
A network that brings together over 60 leading Australian researchers who advance cutting-edge fluorescence technologies has been officially launched at Macquarie University.
[ + ]Keep genome data freely accessible
The Lancet has been discussing the benefits and potential risks of allowing genomic information to be freely available on the internet - and supports the recent report by the US National Research Council recommending that such information should remain freely accessible to all.
[ + ]Cochlear acquires Swedish hearing implant company
Cochlear (ASX:COH) has signed an agreement to acquire Swedish hearing implant company Entific Medical Systems, owned by Swiss-Swedish group Nobel Biocare for SEK1,050 million (approximately AUD$195 million) to be paid with around AUD$40 million in cash and the remainder as bank debt to be raised in a combination of Euros and US dollars. [ + ]
In brief: Rockeby, C3, Heartware
Rockeby Biomed Limited (ASX:RBY) is poised to launch its Candia5 candidiasis diagnostic in Europe, having received ISO certification and CE Mark approval for the product. [ + ]
Phylogica launches IPO, touts protein libraries
Perth company Phylogica has launched its IPO and is hoping to raise AUD$5 million from the sale of 25 million shares at $0.20 to support the preclinical development of three lead candidates -- including an asthma vaccine -- and its protein libraries. [ + ]