Industry News
Biosignal lists on ASX at premium
Biosignal (ASX:BOS) listed today on the Australian Stock Exchange, with shares leaping to AUD$0.38, a premium of almost 100 per cent on its $0.20 issue price. [ + ]
New neuro labs open in Melbourne
A state-of-the-art cellular neurophysiology laboratory was opened today at the University of Melbourne for the National Neuroscience Facility (NNF). [ + ]
GeneTraks picks up $1m grant
Brisbane-based GeneTraks has received a $1 million R&D Start grant from the Commonwealth government for its AUD$2.6 million equine diagnostics development project. [ + ]
Phosphagenics claims success in morphine trial
Phosphagenics (ASX:POH) -– formerly Vital Capital -– has announced the successful completion of animal studies for its transdermal delivery system for morphine. [ + ]
Biotopya entrepreneurs blitz awards, sell company
A company formed as part of the Victorian Biotechnology Entrepreneur Program, a pilot program of Young Achievers Australia and the Victorian State Government, has returned a whopping 900 per cent to its shareholders, through the sale of its products to a scientific supplies company. [ + ]
Wallaby genome project saved by Vic govt funds
The wallaby genome project is poised to go ahead thanks to a last minute injection of $3 million into the project by the Victorian State Government. [ + ]
Norwood Immunology to list in UK, raising $37 million
Norwood Abbey's UK subsidiary Norwood Immunology has revealed its plans to float on the London Stock Exchange's Alternative Investment Market (AIM) in May. [ + ]
Breeding mastitis out of the dairy herd
Technology developed by CSIRO Livestock Industries (CLI) will lead to the development of strategies designed to substantially reduce the $140 million lost each year due to Australian dairy cows contracting udder infections.
[ + ]New $10.5 million medical research building opens at St Vincents
Melbourne's St Vincent's Institute of Medical Research has opened its new AUD$10.5 million medical research building on the St Vincent's Hospital campus. [ + ]
Biosignal raises $4 million, readies itself to list next week
The first NSW biotechnology listing of 2004 is on the launch pad. Rather than listing in an IPO, Sydney-based BioSignal has chosen to make its debut via the back door, using as its vehicle Perth-based CTI Communications, which yesterday raised $4 million in an oversubscribed share issue and will acquire 100 percent of BioSignal’s shares. [ + ]
Bresagen restructure and relisting plans announced
Bresagen's administrators have reached an in-principle agreement with Queensland-based public unlisted biotech company CBio for the restructure and relisting of the company. [ + ]
Billionaire gives $20 million to UQ, Foundation gives $3.3 million to cancer projects
If Queensland Premier Peter Beattie fulfils his ambition of appropriating Victoria’s mantle as the Biotech State, he will be indebted to itinerant Brisbane resident Chuck Feeney. [ + ]
London-Brisbane vaccine research extended to kidney cancer
Having secured patent coverage for its vaccine technology, London-based Onyvax will extend its collaboration with researchers from the Queensland University of Technology and the Princess Alexandra Hospital. [ + ]
Novogen's phenoxodiol shows promise in cancer trials
Novogen (ASX: NRT) has announced updated results from two clinical trials of its anti-cancer drug phenoxodiol, which is being developed by the company's US-based subsidiary Marshall Edwards (LSE AIM: MSH; Nasdaq: MSHL). [ + ]
Bionomics raises $4 million for epilepsy and anxiety drug program
Adelaide biotech Bionomics’ (ASX:BNO, OTC:BMICY) successful share placement last month has raised nearly $4 million of the $6 million needed to fast-track its epilepsy and anxiety-drug discovery program, while causing minimal angst among shareholders. [ + ]