Industry News
Gribbles launches genotyping and sequencing service
Gribbles Molecular Science (GMS) has launched a new service offering genotyping, full sequencing, sequencing cleanup and separations to researchers. [ + ]
Ferriscan receives FDA approval
Inner Vision Biometrics (IVB), a subsidiary of Perth based Resonance Health (ASX: RHT) has received FDA marketing approval for its novel diagnostic test for liver iron concentrations. [ + ]
Over 3000 keen to use synchrotron
At least 3000 scientists from Australia, New Zealand and South Africa will be lining up to use the Australian Synchrotron when it opens for business in 2007, according to a report released this week by the project. [ + ]
Australian scientists honoured
Eminent physiologist and founding director of Melbourne's Florey Institute, Professor Derek Denton, was made a Companion (AC) in the General Division of the Australia Day Awards for his service to medical science and Professor Denton made pioneering discoveries about how the brain regulates the body's sodium balance, and fluid and electrolyte levels. [ + ]
Starpharma, DNT nab Dow dendrimer patents
Starpharma shares (ASX:SPL) have surged more than 8.5 per cent on heavy trading after details of the company's three way deal with Dow Chemical and Dendritic NanoTechnologies (DNT) were finally revealed this morning. [ + ]
Fiona Wood, C3 co-founder, named Australian of the Year
Plastic surgeon Prof Fiona Wood, co-founder of Perth-based biotech Clinical Cell Culture (ASX:CCE), has been honoured for her role in developing a living spray-on skin to treat burns victims by being named the 2005 Australian of the Year. [ + ]
Heartware closes oversubscribed
US artificial heart firm Heartware expects to have a market capitalisation of AUD$76.42 million when it lists on the ASX on Monday, having raised US$24.95 million (AUD$32.42 million) in an oversubscribed initial public offering. [ + ]
Biopharm firms scoop US VC pool
Investment in biopharmaceutical companies by US venture capitalists increased by 20 per cent in 2004 over the previous year, a new report has shown. [ + ]
Novogen's drug reverses resistance
Shares in Sydney drug-developer Novogen (ASX: NRT, NASDAQ:NVGN) were up 6 per cent to $5.35 today on news that experiments with its cancer-drug booster phenoxodiol had confirmed its power to restore the ability conventional cancer drugs to kill drug-resistant ovarian cancer cells in vitro. [ + ]
Stakes high for Metabolic dose trial: Scollay
Dr Roland Scollay, CEO-in-waiting for Melbourne biotech Metabolic Pharmaceuticals (ASX:MBP) believes a new dose-ranging trial of Metabolic's anti-obesity drug AOD9604 will confirm its promise as "a big one". [ + ]
Cash in, cash out at Peptech
Peptech (ASX:PTD) has declared a fully-franked dividend of AUD$0.08 per share, and announced that its UK-investee Domantis is to join a European Commission cardiovascular research project which will receive Euro 9 million (AUD$15.2 million) in funding over four years. [ + ]
Benitec aims to clear dark clouds over Sunnivale
Former Benitec CEO John McKinley appears to have been a casualty of continuing adverse publicity surrounding the Brisbane gene-therapy company's ongoing battle with Pennsylvania rival Nucleonics over ownership of key patents to RNA-induced (RNAi) gene-silencing technology. [ + ]
Local service companies benefit from clinical trials
Pfizer Australia has hired cryogenic storage company Cryosite (ASX:CTE) to handle storage of its clinical trial drugs in Australia, and Cryosite CEO Gordon Milliken has pointed to a growing trend for big pharma and international biotechs to outsource the storage and logistics of their newest drugs to local service providers. [ + ]
Lacklustre listing for Dia-B Tech
ASX debutant Dia-B Tech (ASX:DIA) suffered a poor debut today; although its shares listed at $0.27, they quickly fell below their $0.20 issue price and at time of writing were trading at $0.17. [ + ]
Chemgenex raises $8m for clinical trials
Chemgenex Pharmaceuticals (ASX: CXS) has raised US$6.2 million (AUD$8.2 million) in a placement to existing and new shareholders including a number of US investors. [ + ]
