Investors stampede out of Chemeq
30 August, 2004 by Graeme O'NeillThe share price of Perth veterinary drug-developer Chemeq Ltd (ASX:CMQ) lost over 25 per cent of its value when the company resumed trading today after a two-week voluntary suspension.
Biota winds back loss, despite legal expenses
30 August, 2004 by Renate KrelleMelbourne-based Biota (ASX:BTA) has reported a loss of $7.8 million, down 25 per cent from its 2003 loss of $10.3 million. This is despite a hefty legal bill of just under $1 million for Biota’s lawsuit against marketing partner GlaxoSmithKline for failure to promote its influenza drug, Relenza.
Agenix files IND, announces $14.3m loss
30 August, 2004 by Renate KrelleBrisbane’s Agenix [ASX: AGX, NASDAQ OTC: AGXLY] has filed an Investigational New Drug application with the US Food and Drug Administration for its blood clot imaging technology, Thromboview.
Solid Progen looking to bolster pipeline
30 August, 2004 by Graeme O'NeillBrisbane cancer-drug developer Progen Industries (ASX:PGL, NASDAQ:PGLAF) has reported a reduced net loss of AUD$4.8 million for the year to June 30, down from $7.6 million in 2003, after increasing revenues by 8.6 per cent.
Impressive ASX debut for Somnomed
27 August, 2004 by Melissa TrudingerSleep device company Somnomed (ASX: SOM) made an impressive debut on the ASX today, opening 30 per cent above the IPO issue price of AUD$0.30 at $0.40.
Antisense reports reduced loss, good cash reserves
27 August, 2004 by Melissa TrudingerAntisense Therapeutics (ASX: ANP) has ended the financial year in great shape, as it plans to move forward on Phase IIa clinical trials following the completion of Phase I safety studies.
Living Cell Technologies closes IPO
27 August, 2004 by Melissa TrudingerLiving Cell Technologies has closed its IPO after raising AUD$6.36 million from institutional and retail clients of underwriting stockbroker Taylor Collinson.
Starpharma reigns in losses
27 August, 2004 by Melissa TrudingerStarpharma Holdings (ASX: SPL) has reported a reduced loss of AUD$5.5 million compared to last year's loss of $7.7 million, despite a slight drop in revenues.
CSL triples profit
26 August, 2004 by Staff WritersCSL, the world's largest maker of human plasma products, tripled its annual net profit with the sale of its animal health business and its purchase of Aventis Behring at a discount to asset value.
Prana loss rises to $10m, as R&D spend increases
26 August, 2004 by Graeme O'NeillMelbourne brain-disease drug-discovery company Prana Biotechnology (ASX:PBT, NASDAQ:PRAN) has reported an after-tax loss of $9.9 million in the year to June.
Ambri’s SensiDx still on trial
26 August, 2004 by Graeme O'NeillSydney’s Ambri Technology (ASX:ABI) has announced a net operating loss of $11.4 million for 2004, 35 per cent below last year’s loss of $17.6 million. The company also said earlier this week that its SensiDx ion-channel pregnancy test sensor had yet to meet the full requirements of a commercial viability trial (CVT) in a clinical setting.
Chemgenex rings in $5m loss
26 August, 2004 by Melissa TrudingerChemGenex Pharmaceuticals (ASX: CXS) reported an AUD$5.1 million loss for the 2003-2004, with around $2 million of the loss attributable to costs associated with the merger between Australian company AGT Biosciences and US company ChemGenex Therapeutics in late June.
Solbec expands devil's apple clinical trial
25 August, 2004 by Renate KrellePerth biotech Solbec Pharmaceuticals (ASX:SPB) has expanded the Phase IIb clinical trial for its devil’s apple extract SBP002 – which is already showing promise as a treatment for mesothelioma -- and is commencing clinical trial identification studies against other forms of cancer.
Imugene and CSIRO start efficacy trial of bird flu vaccine
25 August, 2004 by Melissa TrudingerAs reports emerge of a new avian influenza outbreak in Malaysia and rumours that pigs in China are now being infected with the virus herald a potential pandemic, Imugene (ASX: IMU) and CSIRO Livestock Industries have announced they will start an efficacy trial in coming weeks to evaluate their new avian influenza vaccine in chickens.
Proteome Systems' IPO opens
24 August, 2004 by Graeme O'NeillAustralian investors can now buy a piece of North Ryde-based biotechnology company Proteome Systems, the Australian company credited with pioneering the latter-day boom science of proteomics.
