Nerve technology developer Orthocell (ASX:OCC) has received firm commitments from institutional investors to raise $13 million in a share placement. The company, which is commercialising its CellGro nerve regeneration product, received commitments for well in excess of the figure sought from existing and new investors. The company will also proceed with a share purchase plan…
Blood products and pharmaceutical group CSL (ASX: CSL) is continuing its focus on innovation, spending more that $1.21 billion (US$832 million) on research in 2019.
THC Global Group (ASX:THC) has completed the first farm-to-pharma processing of medicinal cannabis in Australia at its Southport manufacturing facility (pictured) in Queensland. The Southport Facility is the largest pharmaceutical bio-floral extraction facility in the Southern Hemisphere and is licenced and permitted to process medicinal cannabis. THC Global CEO Ken Charteris said: “Completing this Australian…
The Australian Space Agency signed a collaboration agreement with French communications and defence company Thales this week, one of numerous such agreements with nations, states and international and local space industry leaders signed by the young agency. Agency boss Dr Megan Clarke (pictured) has been acive signing alliances and said its new agreement with space…
Holden Boss Dave Buttner has departed only 16 months into his tenure in the top job as consumers continue to desert the once top selling local manufacturer. Buttner, a former top executive of Toyota Australia, came out of retirement to create a new image for Holden post-manufacture, but will now be replaced by the sales…
Comment by Peter Roberts There is increasing evidence that Australia’s decision to ditch its indigenous experience building the Collins Class submarine and buy a completely new design from France is turning out to be a costly mistake. I have always argued that the best path for Australia would have been to build a modified Collins,…
By Stuart Corner of Iot Australia Lawyers have suggested compliance with the voluntary code of practice for suppliers of consumer IoT devices, issued by the Government last month, could be enforced by the ACCC. Home Affairs minister, Peter Dutton released a for-comment draft of the code of practice on November 19 saying it had been…
The federal government has granted major project status for the development of new medicinal cannabis facilities in South East Queensland and regional Victoria. Major project status has been granted to Hydroganics for a multi-stage $333 million medicinal cannabis facility in Queensland and Canopy Growth for a $70 million facility in Victoria. Hydroganics is expected to…
Berendsen Fluid Power and H.H Machine Tools Australia (H&H) will partner with two international companies to deliver and sustain major presses and mlling machines for the Attak Class sumarines. The two local companies will supply the Medium Capacity Press, High Capacity Press and Large Capacity Milling Machines (LCMM). The contracts are worth $20 million to…
South Australia’s Inovor technologies will supply the defence department with a satellite bus that will be used to house equipment in space for the Buccaneer Main Mission. Inovor, which provides turnkey nanosatellite solutions for clients using its Apogee nanosatellite bus (pictured), will supply the equipment under a $2.5 million contract. The company beat out international…
