Industry News
Benitec and Promega settle litigation
RNAi specialist Benitec (ASX:BLT) and Wisconsin-based Promega have settled their contract dispute which began last year. [ + ]
Astop Biohealth plans ASX listing
Astop Biohealth, an unlisted natural medicines company established in 2001 and chaired by Perth entrepreneur Kevin Parry, is planning to list on the ASX before the end of the year. [ + ]
Ventracor implants second US patient
Artificial heart company Ventracor (ASX:VCR) has implanted its second VentrAssist left ventricular assist system (LVAS) in the United States. [ + ]
Measuring the impact of the investment in health research workshop
The Health Research Council of New Zealand (HRC) is convening a two-day workshop in Auckland 10 to 11 November 2005: Measuring the impact of the investment in health research.
[ + ]Alchemia pleased with cash position, Bionomics revenues up
Brisbane biopharma Alchemia's (ASX:ACL) financial results for the year ending June 3 reveal that the firm has $15.9 million in the bank to support the development program of its lead anti-cancer drug candidate ACL 16907. [ + ]
New VC fund launched in New Zealand
It has been a big year for regional biotech-flavoured venture funds to be launched from New Zealand. The latest is Finistere Partners, a San-Diego based venture capital firm, which has launched a new fund targeted at agricultural biotechnology and medical devices. [ + ]
EpiPharm psoriasis treatment recommended for PBS reimbursement
Exorex, a non-steroidal treatment for psoriasis exclusively marketed in Australia by Epitan's (ASX:EPT) wholly-owned subsidiary EpiPharm, has been recommended by the Pharmaceutical Benefits Advisory Committee for Pharmaceutical Benefits Scheme (PBS) reimbursement. [ + ]
NeuroSolutions to collaborate with Epichem
NeuroSolutions, a subsidiary of newly listed neurology-focused biotech company NeuroDiscovery (ASX:NDL) has entered into a collaborative agreement with Epichem, a subsidiary of PharmAust (ASX:PAA) to assist with the development of one of NeuroSolutions' lead pain drug candidates, NSL-036. [ + ]
Find the right investor, biotechs warned
Biotechnology companies should not take money from just anybody, a meeting in Sydney heard this morning. [ + ]
Polartechnics lands distribution deal for US laser product
Sydney-based Polartechnics (ASX:PLT) has signed an exclusive agreement with Reliant Technologies to distribute the California-based company's Fraxel laser product range in Australia, New Zealand and Oceania. [ + ]
Ventracor growth sends annual loss up 68%
Artificial heart company Ventracor (ASX:VCR) has posted a net loss of $AUD26.6 million for 2004-05, up 68 per cent from $15.9 million in the previous financial year. [ + ]
Stem Cell Sciences to commercialise neural technology
BioTech Capital (ASX:BTC) investee Stem Cell Sciences has been awarded an exclusive license to a new patented technology to derive and grow neural stem cells. [ + ]
Antisense CEO takes good with bad in end-of-year figures
Melbourne's Antisense Therapeutics (ASX:ANP) has reported a full-year after-tax loss of AUD$6.2 million, up from $4.6 million from last year, in results described by CEO Mark Diamond as "good news tinged with less than positive news". [ + ]
In brief: Select Vaccines, Life Therapeutics, Chemeq
Select Vaccines' (ASX:SLT) executive chairman Jeremy Cooper has retired as a director and will be replaced by Robin Beaumont as non-executive chairman. Dr Martin Soust has become the Select Vaccines' full-time managing director, relinquishing his role as part-time CEO at Premier Bionics (ASX:PBI) but remaining with the company as a non-executive director. Peter Marks has been appointed as a non-executive director for Select Vaccines. [ + ]
Giaconda aims for Sept IPO
Sydney-based gastrointestinal drug development company Giaconda, has opened its initial public offering and plans to list on the ASX in late September, with the aim of raising AUD$6 million. [ + ]