Industry News
MS protein offers hope for new generation of drugs
Monash University researchers, using synchrotron radiation, have unravelled the structure of a protein that plays a crucial role in multiple sclerosis (MS), a finding that could eventually lead to the development of better drugs for treating this disease.
[ + ]pSivida subsid plans UK listing
Perth-based nanotechnology company pSivida plans to list its UK subsidiary pSiMedica next year. [ + ]
Viroids offer new gene-silencing possibilities
They're not life as we know it, not even life at all. A viroid is just a naked, sub-microscopic loop of single-stranded RNA -- a virus in the buff. But despite their simplicity, viroids possess a primeval weapon that can devastate crops- a weapon that of recent and great interest to molecular biologists. [ + ]
Protemix aims to take NZ bio to market
Prof Garth Cooper, CEO of Auckland biopharmaceutical company Protemix Corp, aims to make his company the first New Zealand biotech to take a discovered compound all the way to market. [ + ]
Starpharma losses down, revenues up
Starpharma's (ASX:SPL) 2002-03 revenues jumped 11 per cent to AUD$1.5 million and its operating loss fell to $7.7 million, the company has announced. [ + ]
Vic govt hands $20m to research institutes
Medical research institutes in Victoria have received an 11 per cent increase in state government infrastructure funding, with almost AUD$20 million being distributed between 20 institutes. [ + ]
AGT revenues up, losses down on last year
AGT Biosciences (ASX:AGT) has posted its annual financial results, showing an 11 per cent increase in revenues to $AUD5.2 million, and a loss of $1.9 million down 74.7 per cent from the previous year's loss of $7.5 million. [ + ]
GTG suing Applera, Covance over patent infringement
Melbourne based Genetic Technologies (ASX:GTG) is taking on three of the big guns in the biotechnology industry. [ + ]
Xcell to speed up US push
Xcell Diagnostics (ASX:XEL) will accelerate plans to file for FDA approval of its microDERM video dermatoscope system, following a positive review of its programs by senior management and expert advisors. [ + ]
Biota aims to raise $13m in share purchase plan
Biota (ASX:BTA) is offering shareholders a chance to buy up to AUD$5000 worth of shares at a 10 per cent discount to the market price, the company announced today. [ + ]
Q-Vis to relist on ASX on Thursday
Successful financial surgery on Australian eye-laser developer Q-Vis (ASX:QVL) will see the company reopen its eyes on the Australian Stock Exchange tomorrow, after a successful capital raising of $2.4 million. [ + ]
Genesis to launch Phase II eczema trial in UK
Auckland biopharma Genesis Research and Development Corporation (NSX/ASX:GEN) is to begin a Phase II clinical trial of its AVAC therapy for paediatric atopic dermatitis, or childhood eczema. [ + ]
GTG promises more licensing revenue in coming year
Melbourne biotech Genetic Technologies (ASX:GTG) has released its financial results for 2002-03 financial year, showing a 29 per cent revenue drop to AUD$9.26 million and a net loss of $4.16 million, an improvement over last year's $8.8 million loss. [ + ]
Starpharma raises $6.9m
Pooled investment firm and nanotech specialist Starpharma (ASX:SPL) has raised AUD$6.9 million in an oversubscribed placement to institutional and sophisticated investors. [ + ]
Prana touts development as possible Alzheimer's therapy
Melbourne-based biomedical company Prana Biotechnology (ASX:PBT) has announced it has developed a set of assays for high-throughput testing of molecules with therapeutic potential for Alzheimer's disease. [ + ]
