Industry News
Robotics, photonics, microfabrication
The Photonics Manufacturing Technology Access Program is an initiative of Australian Photonics and AusIndustry with the goal of diffusing state-of-the-art manufacturing techniques to Australian businesses. Regular hands-on workshops in the fields of industrial robotics, microfabrication, photonic sensor technology, and an introduction to photonics will be held over the next two years in Sydney and Melbourne locations.
[ + ]New technologies take time to deliver
It pays for a company to consider using alternative technologies as a stepping stone while it continues to develop innovative new technologies, a European technology executive told a conference in Melbourne this week. [ + ]
Australian professor to chair WHO committee
Prof Judith Whitworth - a specialist in hypertension, and current director of the John Curtin School of Medical Research - has been appointed for a three-year term as chair of the World Health Organisation (WHO) Advisory Committee on Health Research. [ + ]
Report recommends research funding boost
A new government review has reported that investment in health and medical research delivered excellent returns and benefits to the community, and has recommended that overall Commonwealth government investment be increased to AUD$1.8 billion by 2008/9. [ + ]
Peptech launches dog contraceptive
Peptech Animal Health, a wholly owned subsidiary of Sydney-based Peptech (ASX:PTD) has begun to market its slow-release canine contraceptive, Suprelorin, to Australian veterinarians. [ + ]
Charles River, Proteome Systems joint venture over
A joint venture between Massachusetts pharmaceutical services company Charles River Laboratories (NYSE:CRL) and Sydney's Proteome Systems (ASX:PXL) has been wound up, a victim of the US company's recent $1.5 billion merger with the Inveresk Group. [ + ]
Metabolic, Circadian trading halted ahead of trial results
Trading in shares of Metabolic Pharmaceuticals (ASX:MBP) and Circadian Technologies (ASX:CIR) was halted today, in advance of the release of data from Phase IIb trials of Metabolic's obesity drug, AOD9604. [ + ]
Mesoblast closes IPO, raises $21 million
Stem cell company Mesoblast today announced that its Initial Public Offer had closed fully subscribed, raising $21 million. [ + ]
Meditech pursues psoriasis therapy
Melbourne biotech Meditech Research (ASX:MTR) has signed a collaborative research agreement with Griffith University's Institute for Glycomics to develop novel carbohydrate-based topical drugs for inflammatory skin diseases, including psoriasis. [ + ]
Prana raises US$3.7 million
A number of US institutional investors have purchased and exercised 9.5 million options in Prana Biotechnology (NASDAQ: PRAN, ASX: PBT) at $0.50 per share, raising US$3.7 million for the company. [ + ]
Select Vaccines and Diagnostics CRC aim for better assays
Select Vaccines (ASX: SLT) will collaborate with the CRC for Diagnostics (CDx) to develop a diagnostic assay for Epstein-Barr virus (EBV), using Select's adhesive peptide technology and the CDx's synthetic EBV peptides. [ + ]
In brief: Genmab; Savient; Roche; GSK; Merck
Denmark's Genmab has announced its treatment against cancer of the lymphatic system, HuMax-CD20, had shown positive results in Phase I/II studies. [ + ]
Keeping doctoes in rural areas
Overseas trained doctors are most likely to stay in rural Victoria if they are ambivalent about where they want to settle or easily integrate into the community, a Monash University study has found.
[ + ]Biotechs lining up to list
Four companies are poised to float on the Australian Stock Exchange in December and January, with at least another two companies waiting in the wings. [ + ]
US device firm Heartware aims for ASX
US venture-capital-backed artificial heart company Heartware is hoping to be the first in what might become a new wave of US firms considering an Australian IPO as an interim financing round, before moving on to a Nasdaq listing. [ + ]