Industry News
A sweet $22 million for Queensland research centre
Griffith University plans to almost triple its number of scientists from 55 to 155 over the next seven years to create the largest glycomics institute in the world following a commitment by the Queensland government and the university to spend AUD$22 million. [ + ]
Stem Cell Sciences signs licensing deal with Deltagen
Stem Cell Sciences (AIM:STEM, SCS) has signed a licensing agreement with US-based drug discovery tools and services provider Deltagen for use of its patented internal ribosome entry sites (IRES) technology. [ + ]
CSIRO develops sound technology for rapid screening
Point-of-care blood screening at airports, schools and the local GP's office could be a reality following the development of a micro-technology at the CSIRO that uses sound to mix blood. [ + ]
Progen flush as PI-88 trials continue
Brisbane cancer drug developer Progen Industries (ASX:PGL) has reported a strong cash position of AUD$23.43 million, up 64 per cent on last year for the year ended 30 June 2005, as it continues to trial its lead anti-cancer compound. [ + ]
Psivida to collaborate with US firm Cirrus
Perth nano-biotech company Psivida (ASX:PSD, NASDAQ:PSDV, Xetra:PSI) has contracted North Carolina-based R&D organisation Cirrus Pharmaceuticals to develop a number of specific drug candidates formulated in Psivida's modified silicon product BioSilicon. [ + ]
Canola scare shows we're right: Chance
WA agriculture minister Kim Chance has claimed that concerns over a canola crop which may have contained some genetically modified material have supported the state's moratorium on GM crops. [ + ]
Solbec's Coramsine found safe and tolerable
Solbec Pharmaceuticals' (ASX:SBP) devil's apple-derived drug Coramsine (SBP002) has met the primary endpoint of safety and tolerability for the two-hour infusion cohort of its single agent phase I clinical trial for advanced solid tumours. [ + ]
Second Sunshine implant removed after infection
The second patient to receive Sunshine Heart's (ASX:SHC) C-Pulse device has had the device removed one month after it was implanted, after he developed a related infection. [ + ]
Eiffel hanging on as cash dwindles
Sydney drug re-engineering company Eiffel Technologies (ASX:EIF) has released its results for the 2004-05 financial year, showing losses of AUD$3.5 million -- down 8.3 per cent from the previous year -- but less than $630,000 cash in the bank. [ + ]
Bone to become subsidiary of Bone Medical
Perth-based Bone Medical (ASX:BNE) has signed a share purchase agreement with UK R&D company Proxima Concepts to acquire 100 per cent control of British biopharma firm Bone -- the company that holds the licenses to Bone Medical's platform technologies. [ + ]
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. [ + ]