Noxopharm’s loss on R&D activities Clinical stage drug development company Noxopharm has reported a loss of $6.7 million before tax for the first half of the financial year. The company, which is commercialising its drug Veyonda (pictured) for the treatment of advanced prostate cancer, spent $3 million on R&D and received a R&D tax refund…
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A year ago Michael Clayton, CEO of Derby Rubber, watched as his Derby Steet factory went up in flames. Here he writes about the recreation of a leading manufacturing enterprise. Today marks 12 months since I commenced the most significant professional journey of my life – here are some of the lessons that I learnt.…
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Farm sensor manufacturer Goanna Ag and IoT nanosatellite operator Myriota have combined to launch two innovative products to help farmers manage water resources, Go Rain and GoTank. GoRain allows farmers to monitor rainfall at remote locations, providing information on rainfall variability that enables data driven decision-making. GoTank updates livestock farmers via the industrial IoT on…
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The Defence Teaming Centre member organisation of defence companies has launched a new program designed to help SMEs get a foothold in global markets and supply chains for defence, advanced manufacturing and cyber security sectors. DTC’s Team.eX is a specialist business program that helps SMEs develop business maturity and collaborate to build the capacity and…
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Australian tech company Codan will pay more than $100 million to buy US-based Domo Tactical Communications from a private equity firm.
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Technology commercialisation business and mining equipment manufacturer PPK Group has suffered a drop in profit as the company continues to aggressively expand its portfolio of businesses. The company reported today earnings before interest tax amortisation and depreciation of $924,000 in the first half year, down from a profit of $3.1 million. Total revenues were hit…
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Treasury Wine Estates, the maker of Penfolds wines, today reported earnings before interest and taxes (EBITS) down 23 per cent in the first half year to $284 million as it was hit by China’s punishing tariffs against Australian products. The slump, which was widely expected, was driven by the company’s exit from the premium China…
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An AusBiotech led consortium is mapping GMP manufacturing capability for regenerative medicine in Australia, a burgeoning sector which attracted $25.7 billion in financing in 2020 alone.
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An antimicrobial surface coating developed by an international team including researchers from the University of Queensland is now being tested on the International Space Station U.S. National Laboratory. Teams led by Boeing’s Jason Armstrong and UQ’s Professor Michael Monteiro have collaborated on an antimicrobial coating designed to help fight bacteria and viruses, including the virus…
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Glen Dimplex Australia has acquired a majority stake in Dandenong South-based Thermofilm.
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