Biotechnology company CSL has completed the acquisition of a novel gene therapy for the treatment of haemophilia B from NASDAQ listed uniQure. The company will pay US$450 million initially with further milestone payments and royalties to follow as the product etranacogene dezaparvovec (AMT-061) is further developed and commercialised. uniQure will complete the Phase three trial…
Perth international shipbuilder Austal has been forced to deny reports it is close to purchasing a second shipyard in the Philippines, this time at the former US naval base at Subic Bay. ABC reported this week comments by Australia’s ambassador to the Philippines, Steven Robinson who said Austal was closing in on a takeover of…
Advertisement The Australian Manufacturing Forum and @AuManufacturing news today announce two additions to the value-added services services we offer to manufacturers. We have teamed up with trusted sector partners to provide assistance to companies wanting to maximise their return under the R&D tax incentive scheme, and those who want to save cash and go green…
Infections diseases therapy company Opal Biosciences has bought a specialist pharmaceutical formulation business, boosting its capabilities in developing new drugs for clinical trials and manufacture. The Melbourne company bought Formulytica Pty Ltd which has in-house laboratories for developing formulations for topical and injectable drugs. The company provides a fee-for-service business for local and international clients…
The defence department has selected a home-grown solution for the intelligence, surveillance and reconnaissance (ISR) capabilities to be fitted to upcoming tactical unmanned aerial systems (UAS) purchases. Insitu Pacific Limited and Textron Systems Australia have been selected as the final two companies in the tender evaluation process for UAS systems to be bought under LAND…
GFG Alliance’s Sanjeev Gupta has refinanced debt for the Whyalla steelworks ending speculation the collapse of a financier to the company threatened the closure of the works. The company has secured a $430 million refinancing of the steelworks and his Tahmoor Coal operations to replace funds provided by the collapsed group Greensill Capital. GFG Alliance…
A $4.5 billion project to turn natural gas into urea on Western Australia’s Burrup Peninsula has taken a step closer to reality with the signing of an off-take agreement with fertiliser producer, Incitec Pivot Fertilizers. Incitec Pivot has entered into a 20 year agreement to take up to 2.3 million tonnes a year of granular…
Australia’s largest personal protective equipment (PPE) manufacturer, Softmed, has begun producing one million sterilisation wraps per month which are used to wrap and seal surgical trays and instruments prior to surgical procedures. The company, which in August invested $30 million in a new Victorian factory, began local production in response to a critical worldwide shortage…
French owned defence contractor Thales has conducted a safe test firing of a sovereign rocket motor (pictured), adding to the momentum building behind the manufacture of guided weapons in Australia. The testing of a locally designed and manufactured Jones rocket motor evaluated local rocket motor nozzle design and materials. The Mulwala manufactured Jones rocket motor…
Australia’s public universities are world-class research bodies. But, unlike many universities in places like Europe and the United States, they are not good at building on that research for commercial returns. Australia’s level of research commercialisation is one of the worst in the developed world.
