Industry News
Comment: Genetically modified corn and cancer – what does the evidence really say?
French scientist Gilles-Eric Seralini caused quite a stir last week when he claimed he’d shown cancer in rats increased when they were fed genetically modified corn and/or water spiked with the herbicide Roundup. The paper, which seven of his colleagues co-authored, was published in the peer-reviewed journal Food and Chemical Toxicology. [ + ]
Alchemia spending to boost fondaparinux profits
Alchemia (ASX:ACL) has revealed an extra $10 million investment to reduce production costs and maximise profits after acknowledging that market competition has delayed the profitability of generic fondaparinux in the US. [ + ]
Government considering tightening innovation patents
The government has invited comment from the public on “tough new” amendments to intellectual property laws to tighten up innovation patents. [ + ]
EndoBarrier on offer at two Australian clinics
GI Dynanics (ASX:GID) continues rollout of its EndoBarrier in Australia with it now offering the weight loss and diabetes treatment in two additional locations, St Vincent's Clinic and Macquarie University Hospital. [ + ]
I can hear big pharma screaming
A systematic review of the effects of antihypertensive drug therapy on people with mild hypertension has found no benefits come with the drugs. If this review is accurate, big pharma won’t be happy and the government will be thrilled. [ + ]
Avita's US trials may hold key to ReCell adoption
Major US clinical trials of Avita Medical's (ASX:AVH) ReCell spray-on skin could provide the impetus needed to stimulate adoption of the technology in the medical community, a recent report suggests. [ + ]
Mathematical modelling and safer chemotherapy
A new model which reveals how the immune system functions under conditions of neutropenia may lead to safer chemotherapy and also bring us closer to the holy grail of personalised medicine. [ + ]
250 new jobs to be created at ANSTO
A $168 million investment in nuclear medicine and treatment at the Australian Nuclear Science and Technology Organisation (ANSTO) is expected to create around 250 jobs. [ + ]
Paper-based tool can screen for counterfeit drugs
A chemistry research team has developed an inexpensive paper-based tool that can screen for counterfeit pain relievers. The paper analytical device (PAD) is the size of a business card and offers results in less than five minutes. It is technology that could ferret out other fake drugs that promise cures for everything from malaria to the flu. Counterfeit pharmaceuticals are a serious problem in developing countries. [ + ]
Patrys cleared for multiple myeloma trial
Patrys (ASX:PAB) plans to commence a phase I/IIb trial of anti-tumour antibody PAT-SM6 in Germany in Q4, after getting the go-ahead from regulators. [ + ]
Presenting companies announced for major investment summit
The Australasian Life Science Investment Summit 2012, the largest investment event of its kind in the Southern Hemisphere will again be held in conjunction with Australia’s premier biotechnology industry conference, AusBiotech 2012. Companies selected to present at the event have been announced. [ + ]
Government freeze on grants raises concern in biotech sector
The life science sector is increasingly concerned over an indefinite freeze which has been placed on federal government grants that support innovation. The freeze is not only preventing funds from flowing through to companies that have lodged applications, but the uncertainty over the nature and implications of the freeze is causing some to fear that certain grants may be cut. [ + ]
Avexa still in the HIV game
Avexa is still working on developing next generation treatments for HIV following a turbulent couple of years, including the dumping of board in 2010 which ceased development of its lead HIV drug apcicitabine (ATC). [ + ]
Immuron C. difficile study shows 100% survival
Immuron (ASX:IMC) has reported a 100% survival rate from animal trials of the C. difficile treatment candidate it is developing with Monash University. [ + ]
Biota, Nabi amend merger terms to placate shareholder
Biota Holdings (ASX:BTA) and US-based Nabi Pharmaceuticals have amended the terms of their proposed merger, in a bid to placate Nabi shareholders seeking to block the deal. [ + ]