Industry News
Psivida closer to Nasdaq listing
Nanotechnology company Psivida (ASX:PSD) is to join a small band of Australian biotechs on the US Nasdaq market, announcing today it had filed a registration statement with the US Securities and Exchange Commission in relation to its planned listing of American Depositary Shares (ADSs). [ + ]
Trials contractor to take equity in Peplin
French-based clinical trial contractor Cvitkovic and Associates Consultants (CAC) will take equity in Brisbane cancer-drug developer Peplin Biotech (ASX:PEP) and establish a 'dedicated operation' in Australia. [ + ]
GroPep to profit from JRH sale
Adelaide biotech company GroPep (ASX: GRO) will profit substantially from the sale of JRH Biosciences to Sigma-Aldrich -- the company has negotiated for the transfer of its marketing, sales and distribution agreement with CSL to JRH, through the life of the agreement, which expires in 2010. [ + ]
CSL sells JRH division for US$370m
CSL (ASX: CSL) has sold its JRH Biosciences cell culture reagents division to US company Sigma-Aldrich for US$370 million (about AUD$492 million) in cash. [ + ]
McKinley resigns as Benitec CEO
John McKinley is to resign as CEO of Brisbane-base RNAi specialist Benitec (ASX:BLT) and Sydney solicitor Ray Whitten -- a 5.79 per cent shareholder through Barbary Coast Investments -- has been appointed as chairman of its board. [ + ]
Avexa in-licenses Shire HIV drug
Melbourne drug developer Avexa (ASX:AVX) has taken the bold step of in-licensing a promising late-stage developmental drug for HIV/AIDS from international specialty pharmaceutical company Shire Pharmaceuticals Group, seeking to create a strong revenue stream to fund its growth. [ + ]
ASX claims guidelines already having impact
Draft guidelines are already having an impact on the way biotechnology companies communicate, according to the Australian Stock Exchange (ASX). [ + ]
Novogen settles isoflavone suit, banks royalties
Biopharma company Novogen (ASX: NRT) has settled a patent infringement suit with giant US health food supplements retailer GNC. The lawsuit, which was settled out of court for an undisclosed sum, alleged that certain menopause products sold under the GNC brand infringed Novogen's red clover isoflavone patents. [ + ]
In brief: Imugene; Cryptome
Imugene (ASX: IMU) has been granted patent protection for its Receptor Mimic Technology (RMT) in the United States. [ + ]
APAF, Qiagen team on $1m proteomics project
The Australian Proteome Analysis Facility, headquartered at Sydney's Macquarie University, is to team up with global life science supplier Qiagen in a AUD$1m research project to develop more efficient ways of removing high-abundance proteins from serum samples. [ + ]
Search for a CEO underway at AusBiotech
Following the resignation just before Christmas of AusBiotech executive director Tony Coulepis, the industry body will appoint a CEO to replace him. [ + ]
QBF ups Glycoz investment
Queensland BioCapital Funds has invested a further $1.9 million in antibiotic-developer Glycoz, bringing its total stake in the company to $2.4 million [ + ]
Chemeq bailed out by Japanese investor
Chemeq (ASX: CMQ) looks likely to be bailed out of its financial woes by Japanese investor Mizuho International (MZI). But the rescue comes at a price, and Chemeq must meet a string of covenants in order for the deal to continue. [ + ]
Metabolic's Belyea happy to focus on science
Metabolic Pharmaceuticals' CEO Chris Belyea is looking forward to stepping down from the hot seat and focusing on the science and technology aspects of biotechnology. [ + ]
Belyea to step down as Metabolic CEO
Obesity drug-developer Metabolic (ASX:MBP) announced today that the company is searching for a new CEO and that when an appointment is made, founding CEO Chris Belyea will move into a "scientific and technical" role within the company. [ + ]

