Industry News
Patent grant sees Novogen shares soar
Novogen's share price jumped more than 11 per cent to $3.81 yesterday after the company announced that an Australian patent had been granted for its topical skin repair treatment NV-07a. [ + ]
Aussie biotech holding its own: Intersuisse
The Australian biotechnology sector held its own through last year's tough market conditions, despite many companies recording a big drop in share price, according to a new report by stockbroking firm Intersuisse. [ + ]
Recruiters predict a bumpy year ahead for biotech
A conflicting pattern of cross-currents is swirling through the 2003 life sciences jobs pool, according to a survey of recruiting firms specialising in medical and scientific positions. [ + ]
Amrad mystified by shareholder splurge
Melbourne biotech Amrad Corp says it is mystified by a sudden flurry of investor interest that drove its share price up 50 per cent last week and sparked a formal query from the Australian Stock Exchange. [ + ]
Human heart tissue generated from embryonic stem cells
Human heart tissue has for the first time been created in the laboratory. Generated from embryonic stem cells at the Technion-Israel Institute of Technology, the tissue could be used for testing and creating new drugs, for genetic studies, for tissue engineering and for studying the effects of various stresses on the heart.
[ + ]2nd Australian Stem Cell Summit
The 11th and 12th of March this year see the 2nd Australian Stem Cell Summit taking place at the Carlton Crest Hotel in Melbourne.
[ + ]Boron Molecular completes capital raising, considers IPO
Boron Molecular, a small Melbourne-based medicinal chemistry company, is planning to pursue listing on the Australian Stock Exchange in the next six months if market conditions are favourable, according to managing director Dr Phillip Reese. [ + ]
Stem cell centre swings into action as funding finally approved
Activities at the National Stem Cell Centre were delayed by an inquiry into allegations that it was given preferential treatment during bidding for Commonwealth funding, the centre's chief operating officer, Dr Dianna DeVore, said today, but Prime Minister John Howard's December 24 announcement that an independent report found no basis to the allegations was "a wonderful Christmas present". [ + ]
Gene technology to be used in carp control plan
The Murray-Darling Basin Commission is to back a radical new attempt to control Australia's worst aquatic pest, the carp. [ + ]
Peptech reaps $10m from share placement
Sydney-based biotechnology company Peptech Limited today announced it has raised $AUD10 million in new capital by placing 6,625,000 shares with several major institutions, including AMP, ING Australia and the Escor Group. [ + ]
Door opens for Ventracor clinical trials
Ventracor has gained approval from the Alfred Hospital's Ethics Committee, paving the way for the first clinical trial of its VentrAssist artificial heart device to begin. [ + ]
US billionaire offers $25m to Melbourne institutes
US billionaire and fairy godfather Charles Feeney has offered Melbourne's Royal Children's Hospital and the Murdoch Children's Research Institute $AUD25 million to build new laboratories and clinical research facilities. [ + ]
Solar cells could put power stations in space
Scientists at Rochester Institute of Technology in the US are developing the next generation of solar cells, advancing the technology that could put a solar power system into earth's orbit.
[ + ]Autogen eyes global market after capital raising
Melbourne-based biotech Autogen plans to spend the proceeds of a $AUD6.65 million capital raising on expanding globally, including upgrading a level 1 American Depositary Receipt (ADR) Nasdaq listing to a level 2 ADR listing during the coming year and actively seeking new partners and possible acquisitions. [ + ]
Greenpeace to step up fight against GM canola in Australia
Greenpeace Australia Pacific has signalled that it will step up its campaign to block the introduction of genetically modified canola into Australia, by advertising for a new anti-GM campaigner. [ + ]