Psychotropic medicines manufacturer Mynd Bio Pty Ltd has made a surprise bid to acquire listed pharmaceutical developer, Melbourne-based IDT Australia. The bidder is part of a larger group which has already invested in a group of pharmaceutical companies that develop psychotropic medicines, planning to set up manufacturing in Portugal to tackle the European market. The…
The Victorian government has announced backing for pharmaceutical manufacturer IDT Australia to boost production of live-saving cancer treatments. IDT Australia will build a new facility in Boronia, Melbourne to manufacture Antibody Drug Conjugates (ADCs) which have the specificity of monoclonal antibodies and deliver chemotherapy agents to cancer tumor sites. ADCs are set to replace almost…
By Peter Roberts Companies have begun to receive belated notices from the federal government that their applications for grant support under the Morrison government’s Modern Manufacturing Initiative, with IDT Australia one that has opted for a full strategic review following news its bid for a MMI grant had failed. Industry minister Ed Husic this week…
While Canberra has announced an ‘in-principal’ agreement with US company Moderna to manufacture mRNA vaccines in Victoria, Melbourne pharmaceutical and vaccine manufacturer IDT Australia has announced it has been informed that it has missed out on government support. The company said today it was disappointed that its proposal to establish mRNA manufacturing in response to…
Pharmaceutical manufacturer and clinical trials group IDT Australia (ASX: IDT) is confident of better times ahead following a flat 2019 which saw revenue down on the previous year. The company, which manufactures pharmaceutical active ingredient and consumer dosage products, as well as conducting clinical trials, has recovered from an adverse situation with the US FDA…
Listed pharmaceutical company IDT Australia (ASX:IDT) has gained a Medical Cannabis Manufacturing Licence from the Office of Drug Control.
By Brian Schmidt, Australian National University This article is part of our series on big ideas for the Universities Accord. The federal government is calling for ideas to “reshape and reimagine higher education, and set it up for the next decade and beyond”. A review team is due to finish a draft report in June…
By Anna Malos, Monash University; Josh Solomonsz, Climateworks Centre, and Matthew Benetti, Climateworks Centre Australia’s push for net-zero emissions received a welcome boost on Thursday, with the release of an official report showing how Australia can seek to cut domestic emissions across each sector of the economy. The Climate Change Authority prepared the report, which…
By Chris Briggs, University of Technology Sydney As Australia’s electricity supply shifts to clean energy, a big challenge is looming. How do we “keep the lights on” as big coal plants close, and a far-flung network of wind and solar generators replaces them? This balancing act was outlined in the latest annual stocktake by the…
Quantum technologies – which may soon provide huge advances in computing, communication and sensing – are rapidly growing in strategic importance.
