Australia and US collaborate on ballistic missile interception Australia has supported the United States as it undertook a successful missile defence test off the coast of Hawaii. Royal Australian Navy and Royal Australian Air Force assets supported the test conducted by the US Missile Defense Agency (MDA) and the US Navy. The US test involved…
Duratec upgrades profit outlook Construction, engineering and remediation contractor Duratec has upgraded its revenue and profit guidance for FY23. The Western Australian company now expects revenue to be between $465 million and $495 million, and normalised EBITDA to be between $36 million and $39 million. The company, which provides engineering services on a range of…
Arovella, Imugene progress drug combination trials ASX-listed companies Arovella Therapeutics and Imugene have announced a successful outcome from the initial in vitro experiments conducted as part of their research collaboration, and are progressing to the next phase of testing. According to a statement on Friday, results show that the combination of Arovella’s CAR19-iNKT cell therapy…
CardieX prepares for blood monitor sales Health care monitoring company CardieX has split into two divisions as it moves to commercialise five products in development (pictured). The company has developed PPG sensors to allow blood pressure monitoring with a touch, and a home blood pressure monitor and wristband for vascular patients. CardieX has a new…
Electro Optic Systems sees the cash flow in Defence contractor Electro Optics Systems has reported cash flowing into the company on its biggest-ever contract which experienced delivery interruptions during the Covid-19 pandemic. The company maintained production rates of its order for weapons systems for the Middle East during Covid, which saw its inventory of finished…
Patent box a win for IP development, jobs: Cochlear and CSL Local biotechnology leaders Cochlear and CSL have both praised the patent box incentive, which their sector has lobbied for for a decade. The measure will see revenue from locally-created IP taxed at 17 per cent, rather than at the 30 per cent corporate tax…
