Twiggy Forrest’s Fortescue Metals has followed through on support for new industries based on renewable hydrogen by earmarking up to $400 million dollars for investment in the sector. The iron ore miner told investors as part of its half year profit statement that 10 per cent of profits swelled by strong demand from China would…
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Cell Therapies to manufacture Kymriah Melbourne contract manufacturer Cell Therapies has been given Therapeutic Goods Administration approval to manufacture Novartis’ chimeric antigen receptor T-cell at its facility at the Peter MacCallum Cancer Centre. The one-off treatment for blood cancers involves removing cells from the patient, reprogramming them and infuysing them back into the body. The…
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Space is the first of six targeted sectors eligible for funding under the federal government’s Modern Manufacturing Initiative, with applications now open for grants under the program.
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Professor Veena Sahajwalla, an internationally-renowned engineer working in recycling science, will be the subject on Monday’s Australian Story.
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Brisbane medtech company Ellume has hosted the US Consul-General Sharon Hudson-Dean and US Embassy officials to its Richlands plant as it scales up production of its rapid Covid-19 test kits. The officials inspected facilities which are being rapidly expanded to meet a $US230 million contract from the United States Department of Defense to provide its…
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Monash University and others have developed a cheap 3D printed device able to detect the virus that causes Covid-19 in wastewater.
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Hearing implant manufacturer Cochlear is recovering from the effects of the Covid-19 pandemic which interrupted surgical procedures, reporting today half-year earnings before interest and tax (EBIT) down only four per cent on the previous corresponding period. The Sydney company reported EBIT of $175.6 million with 17,377 implant units sold in the half compared to 18,894…
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Funding from Australia and the United Kingdom has been revealed for a major research program to improve armour systems for the military. The UK Government announced a bilateral international program to accelerate the integration of advanced materials into military platforms. Funding covers integration of composites, adhesives for structural joining, joining high temperature structures and improving…
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A novel ship design to carry Australian hydrogen to markets in North Asia is nearer construction with the completion of a capital raising by Global Energy Ventures. The company which develops compressed natural gas and hydrogen marine transport solutions, has raised $6.3 million in a share placement to institutional and sophisticated investors. The proceeds will…
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The Federal Court has handed down a massive penalty against a research and development tax adviser who lodged overstated and unsubstantiated claims on behalf of clients. Thhe Australian Taxation Office revealed that judgement had been made against Paul Enzo Bogiatto who was ordered to pay $22.68 million in penalties. Bogiatto was ordered to pay $6.51…
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