Industry News
Chemeq's fall from grace continues
Chemeq’s (ASX:CMQ) prolonged bout of the winter blues have continued even as the first commercial batches of its antimicrobial polymer flow from its new production plant in WA. [ + ]
Pharmaxis healthy, despite clinical trials spend
Pharmaxis (ASX: PXS) has released its preliminary final results, posting a loss of AUD$6 million for the 2003-2004 financial year. [ + ]
Benitec grants license in Ambion settlement
Benitec (ASX: BLT) has settled its patent infringement case against US company Ambion, giving the company a world-wide non-exclusive licence to make and sell DNA-directed RNAi products. [ + ]
Anti-GM protesters disrupt Melbourne’s Biofestival
Anti genetic-engineering protesters smashed full vases containing genetically modified carnations during the afternoon session of the Biofestival 2004 at the Melbourne Exhibition and Convention Centre today. [ + ]
Flies uncovered
Australia will have a much greater capacity to understand its fly biodiversity with a generous endowment from an American benefactor.
[ + ]National neurosciences facility launched
The AUD$4.1 million Integrative Neuroscience Facility of the National Neuroscience Facility was opened today at the NNF headquarters in Melbourne. [ + ]
Quiet ASX debut for BioPharmica
BioPharmica (ASX: BPH) made its debut on the ASX on Friday afternoon, closing slightly lower than its opening price of AUD$0.25 at $0.21. [ + ]
Somnomed propels itself towards the market
Sydney-based company Somnomed is preparing to list on the ASX later this month, with an IPO expected to raise AUD$12 million through the sale of 40 million shares at $0.30 per share. [ + ]
'Just add water' works for BTF
There must be something in the water in Sydney’s North Ryde that encourages biotech. [ + ]
Prana settles clioquinol dispute
Melbourne dementia drug-hunter Prana Biotechnology Ltd (ASX:PBT, NASDAQ:PRAN) has resolved a long-running patent dispute with Greek pharma PN Gerolymatos (PNG) over the composition and uses of Prana’s former lead anti-Alzheimer’s drug, clioquinol, or PBT-1. [ + ]
IP experts cast doubt on Labor FTA changes
IP industry doubts have emerged as to whether the Australian Labor Party's proposed changes to Free Trade Agreement legislation -- to prevent drugmakers from using spurious patents to block generics -- would be valid. [ + ]
Psivida feeling no pain
Perth nano-biotech company pSivida has been keeping its patent lawyers in the UK from their repose, with the company announcing that its UK subsidiary, Psimedica, has been issued with yet another US patent for its proprietary biomaterial BioSilicon. [ + ]
Progen's Lee denies partnering rumours
Progen's (ASX: PGL) CEO Lewis Lee confirmed today that its partnering strategy, as announced at last year's AGM, was proceeding on track, but that no agreements are pending. [ + ]
Eiffel to raise $3 million
Shares in Sydney drug re-engineering company Eiffel Technologies (ASX: EIF) slumped today when the company announced a capital raising of AUD$3.0 million, placing 36.4 million fully paid ordinary shares at 8.25 cents per share. [ + ]
Biobanks a must for personalised medicine
Future drug development efforts are likely to depend heavily on access to patient and clinical data, according to IBM's Dr Bruce Ross, who gave a keynote speech at the recent Health Informatics Conference 2004 held in Brisbane. [ + ]
