Industry News
GTG lists on Nasdaq national market
Melbourne-based Genetic Technologies (ASX:GTG) has listed its Level II American Depositary Receipts (ADRs) on the US Nasdaq national market. [ + ]
Opara: biotech market needs education
Dr Richard Opara, a substantial shareholder in biotech companies Polartechnics (ASX:PLT) and Avantogen (ASX:ACU), is trying to raise money for a new start-up capital biotech fund, but is finding the going tough in Australia and may have to go overseas to find the cash. [ + ]
Tracking infectious disease 'barcodes'
The fastest and cheapest way yet of identifying and tracking the bugs that cause major human infections is being trialled at Queensland University of Technology (QUT).
[ + ]Bionomics allowed US epilepsy gene patent
South Australian genomics company Bionomics (ASX:BNO) has received a notice of allowance for a US patent, forming part of the company's patent portfolio covering a diagnostic test for severe forms of childhood epilepsy. [ + ]
In brief: Avantogen, Novogen, Peplin, ResMed
Alastair Hood has resigned as a director of Avantogen (ASX:ACU), formerly Australian Cancer Technology, citing increased corporate and travel commitments with his investment company Bluespire as the reason for his departure. [ + ]
Clinical Cell Culture posts record revenues
Tissue-engineering biomedical company Clinical Cell Culture (ASX:CCE, C3) has posted record revenues of AUD$1.4 million, up 51 per cent in the 18 month period from January 1, 2004 to June 30, 2005 (2003: $0.95 million). [ + ]
Melbourne medical informatics group nets $4.4m in grant round
The Bio21 Molecular Medicine Informatics Model (Bio21:MMIM) is one of nine projects to share $19.4 million in recent funding from the Australian government under the Systemic Infrastructure Initiative (SII). [ + ]
Peter Mac tests tumour-cell zapper
Researchers at Melbourne's Peter MacCallum Cancer Centre have begun testing a high-precision, antibody-mediated system to deliver short-range radionuclides to cancerous cells. [ + ]
Financial results in brief
Cancer therapy developer Meditech (ASX:MTR) has received an AusIndustry Commercial Ready Grant worth $2.988 million over the next three years towards the development and commercialisation of HyCAMP, its lead anti-cancer product which is in phase II clinical testing. Meditech has also reported a half year loss of $1.68 million and a cash balance of $3.4 million. [ + ]
Norwood raises US$10m from US investors
Norwood Abbey (ASX:NAL) has raised AUD$13.3 million (US$10 million) through US institutional investors to make the final payment on its products used in vision correction surgery and to expand production. [ + ]
US talks blamed for Avantogen price dip
Stalled negotiations relating to Avantogen's (ASX:ACU) US$3 million instalment in its $5 million bid to acquire US vaccine developer Regalen, formerly Galenica Pharmaceuticals, may have caused its share price to slide from $0.19 on August 24 to $0.14 on August 31, the company said today in response to an ASX query. [ + ]
Kryocor puts IPO on hold
Melbourne-based tissue engineering group Kryocor, which planned to close its IPO on March 31 and list on the ASX on April 14, has postponed its float and is considering its options. [ + ]
Ministers on hand for science industry plan launch
An 'action agenda' for the Australian science industry -- encompassing 47,000 manufacturers, distributors, laboratory services providers and researchers -- was launched in Sydney yesterday by the minister for industry, tourism and resources, Ian Macfarlane. [ + ]
HeartWare implants first mini heart device
US artificial heart firm HeartWare (ASX:HTW) has successfully commenced its animal studies by implanting its Miniaturised Ventricular Assist Device (MVAD) in a calf. [ + ]
Nanomics readies first product for market
Queensland University spin-out Nanomics BioSystems has released its first product based on its proprietary second-generation ceramic nanoparticle technology. [ + ]