Skyborne Technologies raises cash to fund UAV development

Brisbane UAV maker Skyborne Technologies has raised $5 million (US$2.45) to further commercialisation of its Cerberus GL micro tactical UAV. Cerberus is designed as the world’s lightest armed UAV, weighing only six kilogrammes, with the company targeting the defence and law enforcement market. The capital raised was from a private institutional investor based in Abu…

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Reece Pharmaceuticals scales up manufacturing

Synthetic antibiotic developer Recce Pharmaceuticals Ltd (ASX: RCE) has scaled up its Sydney production facility to support its commercialisation activities. The company, which has patented a new class of antibiotics to tackle resistant superbugs, has increased capacity at Macquarie Park in Sydney fivefold to cope with increasing demand. The Company has developed an automated process…

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