Industry News
NZ's Neuren eyes Australian capital markets
New Zealand biotechnology company Neuren Pharmaceuticals is evaluating possible options in Australia for raising capital, including private equity and an IPO on the ASX. [ + ]
Benitec snaps up sixth licence, aims for $5m per year
Brisbane RNAi gene therapy company Benitec (ASX:BLT) has granted a global, non-exclusive licence for its gene-silencing technology to a German company that develops genetically modified mice for research. [ + ]
Biota banks $20m, heads back to court
Biota (ASX: BTA) shareholders have shown resounding support for the company in an oversubscribed share purchase plan that has raised AUD$20 million. [ + ]
License to grow says US CEO
In-licensing of clinical-stage compounds for development is a useful way to build sustainable value for your company and fill out your pipeline, the CEO of San Diego company Structural Genomix (SGX) Timothy Harris told venture capitalists and other attendees at this week's AVCAL networking lunch in Melbourne. [ + ]
Healthcare the focus of CSIRO's new IT centre
Healthcare projects like personal health monitoring and distance medical care will be core issues at CSIRO's new national ICT research centre. [ + ]
Hong Kong's CK Life Sciences to invest $10m in Vic
Hong Kong biotechnology company CK Life Sciences, part of the Cheung Kong group, is set to invest $10 million in R&D in Victoria, according to state premier Steve Bracks. [ + ]
NSW govt tipped to soften GM crop ban
Is the NSW Carr government -- the first state government to legislate for a moratorium on genetically modified crops -- having second thoughts? [ + ]
London calls BioComm, and Japan awaits
Melbourne-based licensing and business development group BioComm has opened an office in London to facilitate licensing and partnering activities in Europe. [ + ]
Sirtex wins $1.3m Start grant
Sirtex (ASX: SRX) has been awarded a AUD$1.311 million R&D Start grant from AusIndustry to commercialise its Targeted Hyperthermia Therapy. [ + ]
Bush, Kerry both seen pressed to curb drug prices
The pharmaceutical industry is expected to face pressure to curb rising prescription-drug costs no matter which candidate wins next week's US presidential election. [ + ]
NZ Roadshow: Why agbiotech must break free
It's the Tasman paradox: although Australia and New Zealand are the world's leading exporters of grazing-derived products, they have both struggled to develop viable agricultural biotechnology industries. Why? [ + ]
NZ Roadshow: Signalling more cooperation
A leading New Zealand biotechnologist has urged Australian and New Zealand medical researchers to establish a trans-Tasman research consortium to explore the body's cell-signalling systems. [ + ]
NZ Roadshow: Swim together or sink alone
The Biosphere New Zealand Roadshow 2004 has hit the road in Melbourne, arguing the case for a strategic union of the biotechnology industries on either side of the Tasman Sea. [ + ]
Prima secures $10m and institutional support
Prima Biomed (ASX: PRR) announced today it had finalised its $10 million placement to institutional and sophisticated investors. [ + ]
Optiscan wins FDA clearance for endomicrosope
Optiscan (ASX:OIL) has won earlier-than-expected clearance from the US Food and Drug Administration (FDA) for the flexible endomicroscope it is jointly developing with Pentax. [ + ]

