Industry News
ANSTO to launch STAR accelerator
In the lead up to the completion of the replacement nuclear reactor at Lucas Heights, the Australian Nuclear Science Technology Organisation (ANSTO) plans to announce a name for the new reactor next week, as well as launch a new Small Tandem for Applied Research (STAR) accelerator. [ + ]
Synthetic blood vessels in the offing
The fact that blood's not only thicker than water, but biologically "sticky", creates problems for cardiovascular surgeons replacing blocked coronary arteries. [ + ]
Epitan CEO retires
Epitan (ASX: EPT) has promoted its CFO Iain Kirkwood to CEO, replacing retiring CEO Wayne Millen. [ + ]
Cryptome puzzles it out
Cryptome Pharmaceuticals (ASX: CRP) is a step closer to proving the validity of its cryptomics approach to speeding up drug discovery, after animal studies of its lead antithrombotic drug CR001 produced positive results. [ + ]
Starpharma deal with Dow out of the bag
Starpharma (ASX:SPL) was forced into a trading halt this morning after a report in Melbourne broadsheet The Age revealed that Starpharma's US subsidiary Dendritic Nanotechnologies (DNT) was about to consummate an intellectual property deal with US giant Dow Chemical company. [ + ]
India's Dr Reddy's to manufacture Biosignal's furanones
Sydney-based Biosignal (ASX:BOS) has engaged Custom Pharmaceutical Serivces, a business unit of Indian generics-manufacturing specialist Dr Reddy's Laboratories, to develop a large-scale manufacturing procedure for Biosignal's antibacterial furanone compounds. [ + ]
Australian farmers embrace GM cotton
The first full-scale production season for Australia's new Bollgard 2 transgenic cotton cultivars is shaping as an outstanding success, despite continuing drought in areas of NSW and southern Queensland. [ + ]
Psivida closer to Nasdaq listing
Nanotechnology company Psivida (ASX:PSD) is to join a small band of Australian biotechs on the US Nasdaq market, announcing today it had filed a registration statement with the US Securities and Exchange Commission in relation to its planned listing of American Depositary Shares (ADSs). [ + ]
Trials contractor to take equity in Peplin
French-based clinical trial contractor Cvitkovic and Associates Consultants (CAC) will take equity in Brisbane cancer-drug developer Peplin Biotech (ASX:PEP) and establish a 'dedicated operation' in Australia. [ + ]
GroPep to profit from JRH sale
Adelaide biotech company GroPep (ASX: GRO) will profit substantially from the sale of JRH Biosciences to Sigma-Aldrich -- the company has negotiated for the transfer of its marketing, sales and distribution agreement with CSL to JRH, through the life of the agreement, which expires in 2010. [ + ]
CSL sells JRH division for US$370m
CSL (ASX: CSL) has sold its JRH Biosciences cell culture reagents division to US company Sigma-Aldrich for US$370 million (about AUD$492 million) in cash. [ + ]
McKinley resigns as Benitec CEO
John McKinley is to resign as CEO of Brisbane-base RNAi specialist Benitec (ASX:BLT) and Sydney solicitor Ray Whitten -- a 5.79 per cent shareholder through Barbary Coast Investments -- has been appointed as chairman of its board. [ + ]
Avexa in-licenses Shire HIV drug
Melbourne drug developer Avexa (ASX:AVX) has taken the bold step of in-licensing a promising late-stage developmental drug for HIV/AIDS from international specialty pharmaceutical company Shire Pharmaceuticals Group, seeking to create a strong revenue stream to fund its growth. [ + ]
ASX claims guidelines already having impact
Draft guidelines are already having an impact on the way biotechnology companies communicate, according to the Australian Stock Exchange (ASX). [ + ]
Novogen settles isoflavone suit, banks royalties
Biopharma company Novogen (ASX: NRT) has settled a patent infringement suit with giant US health food supplements retailer GNC. The lawsuit, which was settled out of court for an undisclosed sum, alleged that certain menopause products sold under the GNC brand infringed Novogen's red clover isoflavone patents. [ + ]