Medicinal cannabis cultivator and manufacturer Althea Global (ASX: AGH) has ended the year hitting milestones with 3,031 patients prescribed the drug by 375 healthcare professionals. Only 159 patients had been prescribed the company’s products a year ago. CEO Josh Fegan told the annual general meeting that the company also entered the United Kingdom market and…
An update on the progress and future of the bionic eye – a prototype of which has restored “a sense of vision” to blind patients – has been given by the lead on the project at the Centre for Eye Research Australia and is now available.
SunRice has announced it will cut another 100 jobs next year, following two consecutive years of record low rice crops.
v2food which developed the Hungry Jack’s plant-based Rebel Whopper has raised $35 million in venture capital to fund R&D and build a production facility. The company, which used CSIRO R&D capabilities to launch the new burger earlier this year as reported in @AuManufacturing, raised the cash from Australian and Asian interests. Tipping in funds, according…
Melbourne pharmaceutical manufacturer Baxter Laboratories has celebrated 25 years as a manufacturer of skin care products, sunscreens and topical pharmaceutical. Staff paused to celebrate 25 years of service at the plant yesterday (below). The company offers a complete service to third parties from research and development to regulatory services, manufacturing, filling , warehousing and global…
Brick manufacturer Brickworks (ASX: BKW) is confident that its acquisition of three US brick makers within the space of a year will pay off. Brickworks managing director Lindsay Partridge told the company’s annual general meeting that with integration complete in 2020, its US businesses would have the scale to materially impact company earnings. Brickworks has…
Melbourne drone technology company AVT Technologies has been awarded $5.2 million to develop a system to improve the quality of images taken by drones. The grant from the Defence Innovation Hub follows an earlier $2 million grant to develop a micro gimbal weighing less than 250g that features 50x zoom and thermal imaging. AVT is…
Siemens Australia CEO Jeff Connolly has revealed how HSV, the former special vehicles division of General Morors Holden, has re-invented itself following the closure of mass automotive assembly. Writing on Linkedin, Connolly said the company had completely re-engineered its business model and was now thriving. Connolly said: “It reminds me of the old saying, one…
Lithium processing technology group Lithium Australia (ASX: LIT) has increased its shareholding in lithium ion battery recycler Envirostream. The Perth company said today it had paid $100,000 to move from a 23.9 per cent holding in Envirostream to a 73.7 percent interest. Lithium has developed its own technologies for separation metals such as lithium, nickle…
China Mengniu Dairy has agreed to buy Lion’s dairy and drinks business for $600 million.
