Breakthrough Victoria shells out $12 million for peanut allergy treatment developer Aravax

The Victorian government-funded Breakthrough Victoria has made a $12 million investment into Aravax, part of a $66 million funding round in the biotechnology company, which is developing a novel peanut allergy treatment. Aravax is a clinical-stage company developing PVX108, its immunotherapy product that uses synthetic peptides to mimic key parts of peanut proteins to retrain…

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Silex, Silicon Quantum Computing expand offtake agreement by $1.35 million

Silex Systems has announced an amendment to its 2019 offtake agreement with quantum technology business Silicon Quantum Computing, increasing SQC’s commitment for silicon products made from high-purity zero-spin silicon (ZS-Si) using Silex’s proprietary laser enrichment technology. According to a statement from Silex on Tuesday morning, the total value of the commitment has increased by $1.35…

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Austin Engineering shows how business improvement can pay off

By Peter Roberts For those hesitating on embarking on a company improvement process hesitate no longer – Perth mining equipment manufacturer Austin Engineering has shown the massive benefits available from reorganising and streamlining operations and investing in new machinery and manufacturing processes. The company, which manufactures large dump truck bodies for the mining sector and…

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AML3D’s coffers fill on US defence success

Wire arc metal additive manufacturing machinery manufacturer AML3D has reported the company’s second successive quarter of record quarterly cash receipts, reflecting the continuing strong momentum in the company’s US ‘Scale up’ strategy in the US defence sector. The strategy delivered over A$12 million of orders in CY2023 in support of the US Department of Defence,…

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Lynas ramps up production at new Kalgoorlie processing facility

Commissioning has been completed and production ramp up is underway at Lynas Rare Earths new Kalgoorlie Rare Earths Processing Facility in Western Australia (pictured). Staff from the company’s Malaysian value-added metals production facility, which has been closed while capacity is increased to 10,500 tonnes of Neodymium and praseodymium (NdPr) per annum, are in Kalgoorlie assisting…

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Manufacturing news briefs — stories you might have missed

Mesoblast secures FDA approval for heart disease treatment Biotechnology company Mesoblast has secured US Food and Drug Administration (FDA) approval for its Revascor heart disease treatment. The FDA issued a rare pediatric disease (RPD) designation for Revascor following submission of results from a trial in 19 children with hypoplastic left heart syndrome (HLHS). Revascor is…

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Uber Eats commits $13 million to sustainable packaging

Food delivery service Uber Eats has announced a multi-year partnership with environmental organisation Planet Ark designed to help Australian restaurants move towards more sustainable packaging. The company, which aims to transition restaurant merchants to reusable, recyclable, or compostable packaging options by 2030, begins with consultation on a framework developed by the University of Technology Sydney’s…

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