Industry News
QIMR, Griffith to collaborate
The Queensland Institute of Medical Research (QIMR) and Griffith University have entered into a collaboration. [ + ]
In brief: Prana, ES Cell, Phosphagenics
Alzheimer's specialist Prana Biotechnology (ASX:PRR) has released data from an extension study of its Phase II PBT-1 (clioquinol) trial, showing that the drug appeared to slow the rate of decline. [ + ]
Stronger old guard boosts Intersuisse biotech index
September was a kind month for the biotechnology sector -- the Intersuisse biotechnology index indicated that the sector more than made up for its loss in August, moving ahead by 4 per cent, almost 1 per cent more than both the All Ordinaries and the Nasdaq. [ + ]
Avexa forms new research partnerships
Near enough isn't good enough when it comes to structure-based drug design and medicinal chemistry. That's the reasoning behind Avexa's (ASX:AVX) new collaborations with Melbourne's St Vincent's Institute of Medical Research and the Shanghai Institute of Organic Chemistry, according to CEO Julian Chick. [ + ]
Cytopia to raise $13m in rights issue
Cytopia (ASX:CYT) will raise AUD$13.2 million in a fully underwritten non-renounceable rights issue. [ + ]
Tissue Therapies bolsters cash reserves
Brisbane company Tissue Therapies (ASX:TIS) has bolstered its cash reserves through a placement of $1.46 million before costs to institutional and sophisticated investors. [ + ]
Living Cell tops up coffers with $4.8 million
After raising AUD$6.36 million in its IPO last month, Living Cell Technologies (ASX:LCT) has announced a successful AUD$4.8 million top-up of its cash reserves. [ + ]
BresaGen readies to relist
BresaGen (ASX:BGN) is expected to emerge from the shadow of voluntary administration this week, after shareholders voted to approve CBio's acquisition of a 51 per cent interest in the company at a general meeting on Monday. [ + ]
AusBiotech signs agreement with Indian counterpart
Biotechnology industry association AusBiotech has signed a memorandum of understanding with its Indian counterpart, the Association of Biotechnology Led Enterprises (ABLE). [ + ]
Prima subsidiary signs licence deal with AstraZeneca
Helmed by a new chairman and in the middle a AUD$5-10 million capital raising, Melbourne's Prima Biomed (ASX:PRR) has ticked the first of the boxes on its lengthy to-do list, announcing that its Arthron subsidiary has signed a non-exclusive license with AstraZeneca to validate its anti-inflammatory Fc receptor target. [ + ]
Qualified success in Imugene trial
Imugene (ASX:IMU) has claimed a qualified success after a trial to test the ability of its receptor mimic technology (RMT) to prevent post-weaning diarrhoea in piglets. [ + ]
Aussies need to get smarter about markets: VC
The lack of use of market intelligence is a key distinction between Australian biotech companies and their counterparts in the US and Europe, Teraform Ventures' Haydn Wright told attendees at a BioMelbourne BioBreakfast this morning. [ + ]
Benitec grants licence to US xeno firm Revivicor
Benitec (ASX:BLT) has granted a licence to US company Revivicor to use its patented RNAi-mediated gene-silencing technology for mammalian cells to develop transgenic pigs as a source of organ transplants for humans. [ + ]
Reeves a super ambassador for research, says Trounson
'Superman' actor Christopher Reeves, who died yesterday in the US from complications of an infection, was a great ambassador for stem cell research and raised the profile of research around the world, Monash University's Alan Trounson said today. [ + ]
How Biota could benefit from flu vaccine debacle
After running out of influenza vaccines during last winter's major epidemic, the US confronts the prospect of an even more severe shortfall in the coming season. [ + ]