CSL blood supply contract renewed
Wednesday, 19 June, 2002
The Federal government has renewed its contract with CSL to supply blood to blood banks and pathology labs for use in diagnostic procedures.
"Our existing agreement was due to expire and has been renewed for two more years," said CSL company secretary Peter Turvey.
He said that CSL has held the contract for 10 years. It was not considered to be a big contract for the company, but was important to the labs that relied on a consistent supply of red blood cells for diagnostic procedures.
The contract is believed to be worth about $5 million in revenues for CSL.
The renewal came as Federal Health and Aging Minister Senator Kay Patterson, announced the establishment of a committee to review the blood and blood products sector.
Turvey said that CSL was not concerned at all about the sector review.
Salomon Smith Barney analyst Rosemary Cummins said that the renewal of the contract was an indicator of government sentiment. She said that some analysts expected that the contract renewal might have been for a shorter period.
Research project to produce fish-free omega-3
SCU researchers are investigating how to grow omega-3-producing microorganisms more cheaply...
Biodegradable smart patch can detect and treat blood clots
Researchers have developed a biodegradable smart patch that detects pressure changes and releases...
Biotech manufacturing facility opens in Brisbane
ENTRI, a purpose-built multimodal facility which will enable biotech companies to manufacture...
