Industry News
Monash, Schering buddy up to research male disorders
Monash University and big German pharmaceutical company Schering AG have announced a collaborative research and licensing agreement to develop new therapies for prostate disease, male infertility, and new male contraceptives. [ + ]
Peter Mac spin-off nets European funding
The Peter MacCallum Cancer Centre has spun out its cellular therapies services into a small company called Cell Therapies, in order to make the most of its TGA-licensed Centre for Blood Cell Therapies. [ + ]
BioAngels makes first local investment
Members of South Australia's BioAngels have made their first investment into the South Australian bioscience sector, selecting Australian Orthopaedic Innovations from more than 20 applications. [ + ]
University of Queensland meets demands of science's new age
Queensland's reputation as a hub for scientific innovation will be further enhanced next year when work begins on the $60 million Australian Institute of Bioengineering and Nanotechnology (AIBN) complex at The University of Queensland.
[ + ]Rockeby Biomed readies for IPO
Diagnostics company Rockeby Biomed is readying itself to float on the ASX in a back door listing through Carbine Corporation. [ + ]
pSvida acquisition opens diagnostic pathway
Perth-based nanomaterials specialist pSivida (ASX:PSD) has acquired the rights to use porous silicon mirror technology from German research agency Forschungszentrum Julich. [ + ]
BresaGen sells its catheter technology
BresaGen (ASX:BGN) has assigned its cell delivery catheter licenses to North American company NexGen Technologies for about $380,000 plus a four per cent share in NexGen. [ + ]
BioDiem readies for December IPO
Melbourne biotechnology company BioDiem has lodged a prospectus with ASIC for an AUD$10 million float opening on December 4. [ + ]
Phenomix expands its Australian operations
Phenomix, based jointly in San Diego and Canberra, has appointed experienced biotechnology executive Dr Julie Cherrington as president of operations to oversee its Australian activities as it moves into pre-clinical and clinical programs. [ + ]
Cochlear names new CEO
Cochlear has named ResMed executive VP Dr Chris Roberts as its new CEO, replacing Jack O'Mahony. [ + ]
World-class drug and alcohol research centre opens
Adelaide is set to become the leading site for the co-ordination of drug and alcohol research and training in the Asia-Pacific region.
[ + ]Polartechnics raises $11.25m; plans global push
Sydney-based medical device firm Polartechnics (ASX:PLT) has used a combination of a share placement and a share purchase plan to raise AUD$11.25 million to expand its global sales and marketing efforts and refine its production processes. [ + ]
Solbec gets nod on cancer drug trial
Perth biotech Solbec Pharmaceuticals (ASX:SBP) has received approval to commence a Phase I clinical trial on its lead cancer therapeutic SBP002. [ + ]
Peplin Biotech acquires omega-3 portfolio
Brisbane-based Peplin Biotech has acquired a portfolio of synthetic engineered polyunsaturated fatty acid compounds from researchers at Adelaide's Women's and Children's Hospital in a deal worth AUD$225,000 plus shares and options worth around $350,000. [ + ]
Vics pledge $1.5m to wallaby genome project
Victoria's state government has pledged AUD$1.5 million funding for a wallaby genome project, which needs around $6 million to match US National Institutes of Health funding to proceed. [ + ]