Aussie biotech equities under perform wider market for Q1: PWC
28 October, 2010 by Staff WritersPricewaterhouseCoopers has released its Q1FY11 BioForum report on Australia’s life sciences and biotech equities, revealing that the sector went backwards slightly as the wider market advanced.
Hatchtech raises $6.3 million for Phase IIb head lice trial
26 October, 2010 by Staff WritersMelbourne biotech Hatchtech announced today that it has raised $6.3 million to fund Phase IIb clinical trials for its novel treatment for head lice.
Market report: Healthcare index ends the week up as AusBiotech 2010 draws to a close
22 October, 2010 by David BinningThe heavy back-slapping and self-congratulations at this week’s AusBiotech 2010 shindig in Melbourne may have rubbed off a little on the S&P/ASX 200 Healthcare Index, which managed to claw back most of last week’s losses.
Australian biotech for sale
22 October, 2010 by David BinningAny doubts as to the marketability of the Australian biotech and life sciences industries were thoroughly dispelled this week with 150 investors from more than 100 companies - foreign and Australian - attending AusBiotech’s Australasian Life Sciences Investment Summit in Melbourne as part of AusBiotech 2010.
Opinion: Kim Carr on the opposition’s ‘half truths, exaggerations and blatant misrepresentations’ on R&D tax reform
19 October, 2010 by Staff WritersIt appears the Government and Opposition agree. Research and development (R&D) is fundamental to business growth and to Australia’s long term prosperity. Agreement ends at this point. We disagree on how we can get the ‘biggest bang’ out of the $1.6 billion the Government invests every year to enhance Australia’s productivity through the existing R&D tax concession.
Victorian Government announces $55m Biotechnology Action Plan
19 October, 2010 by Staff WritersVictorian Premier, John Brumby, today announced the Victorian Biotechnology Action Plan, which will provide $55 million of government money to spur biotech in the southern state.
IBM to build research lab at Melbourne University
15 October, 2010 by Staff WritersComputer giant IBM has announced that it will build a new state-of-the-art research facility at Melbourne University designed to support disease research and biotechnology as well as advance knowledge of the environment and agricultural sustainability.
Pfizer pays $3.7 billion for King Pharmaceuticals
13 October, 2010 by Staff WritersThe world’s largest pharmaceutical company Pfizer said on Tuesday that had reached an agreement to by US pain drug developer King Pharmaceuticals in a cash deal worth $3.67 billion.
Opinion: The federal government's R&D Tax Credits bill is wrong for Australia
12 October, 2010 by Staff WritersAustralians understand that innovation is an essential driver of the country’s knowledge and growth. They also recognise that research and development (R&D) activity within Australian firms assumes a crucial place in that process – through its contribution to the generation of new information, products, services and employment opportunities.
Market report: Healthcare index sneaks into positive territory for the week
10 October, 2010 by David BinningThe Australian stock market closed slightly down yesterday, bringing the week’s gains to a modest two percent, while healthcare and biotech stocks just edged into positive territory for the week.
Prima BioMed appoints Lucy Turnbull as chairman
07 October, 2010 by David BinningShares in ovarian cancer specialist Prima BioMed jumped 12 percent today after the company announced the appointment of respected biotech champion and once would-be Australian first-lady Ms Lucy Turnbull as the company’s chairman.
Opposition says R&D Tax Credits bill seriously flawed
01 October, 2010 by David BinningShadow minister for innovation, industry, science and research Sophie Mirabella has hit back at government claims that the coalition is aiming a wrecking ball at its R&D Tax Credits legislation ‘sight unseen’.
Prima BioMed to list on NASDAQ
30 September, 2010 by David BinningCancer vaccines specialist Prima BioMed announced today that it is seeking a listing on NADSAQ, the world’s largest bourse for technology companies.
R&D Tax Credits bill reintroduced to parliament today
30 September, 2010 by David BinningScience and Innovation minister Senator Kim Carr has refused to rule out the possibility that the government’s battle weary R&D Tax Credits legislation may need to be further amended before coming into effect, while the coalition has vowed to maintain its efforts to block its passage.
APAC enjoying surge in VC funding
28 September, 2010 by Staff WritersVenture capital activity is growing strongly throughout the Asia pacific biomedical and biotech sectors at the same time as the US and Europe suffer sharp declines, according to industry database MedTRACK.
