QBF ups Glycoz investment
Friday, 14 January, 2005
Queensland BioCapital Funds has invested a further $1.9 million in antibiotic-developer Glycoz, bringing its total stake in the company to $2.4 million
Glycoz is developing carbohydrate-based antibiotics based on research by Professors Mark von Itzstein and Ross Coppel.
The funding, in conjunction with a $1.8 million R&D Start Grant, will be used to take the company's lead compound through pre-clinical drug development.
QBF -- a $100 million closed end venture capital fund -- is a wholly-owned subsidiary of the Queensland Investment Corporation. It recently increased its holding in Brisbane unlisted biotech Xenome, taking up shares sold by Biotech Capital (ASX:BTC) and Cytopia (ASX:CTY).
In December, QIC's Neill Colledge replaced Kathryn Radford as CEO of QBF.
Babies of stressed mothers likely to get their teeth earlier
Maternal stress during pregnancy can speed up the timing of teeth eruption, which may be an early...
Customised immune cells used to fight brain cancer
Researchers have developed CAR-T cells — ie, genetically modified immune cells manufactured...
Elevated blood protein levels predict mortality
Proteins that play key roles in the development of diseases such as cancer and inflammation may...
