Investment group Bridgewest Group has bought the Adelaide biologics manufacturing plant operated by pharmaceutical group Pfizer and will develop it into a contract drug and vaccine manufacturer. Pfizer, which operates four Australian factories employing 1,000, sold the Thebarton plant for an undisclosed sum to the tightly-held investment group which founded the BioDuro drug manufacturing operations…
The extra A$1 billion funding from January 2021 provides a critical stop-gap. It will help recover some of the lost research momentum. But what will happen after 2021?
Biotechnology giant CSL has signed a final agreement with the federal government to supply 51 million doses of a University of Queensland-CSL vaccine should the drug be proven effective and safe in clinical trials. CSL’s vaccine subsidiary, Seqirus signed the agreement covering the vaccine candidate V451 and will receive an upfront payment from Canberra. The…
A new national research centre at Adelaide will be established with $20 million in initial funding, and is geared to helping Australia capture some of the benefits of the current artificial intelligence revolution.
Electric delivery vehicle developer ACE-EV has been given a $5 million boost in the federal budget and will move to initial production of its three models of small vehicles in Adelaide. The company, which launched its first locally-assembled vehicle with fanfare in August, received the grant from the Future Fuels Fund administered by the Australian…
Five Australian startups — including a field robotics company and a maker of sustainable packaging based on crustacean shells — have made the shortlist for Rabobank’s international food and agri FoodBytes program.
The Australian Made Campaign Ltd (AMCL) has launched a new ‘Buy Australian Now and support Aussie jobs’ campaign as use of the green and gold Australian Made logo spreads. An extension of its ‘It’s never been more important to Buy Australian than right now’ initiative launched in June, the campaign encourages Australians to exercise their…
China-focused dairy and healthy products specialist Jatcorp has boosted its Chinese distribution and launched two new China-destined Australian products. The manufacturer and exporter reported reduced sales of milk formula in China which contributed to a $10 million fall in sales in the first six months of 2020 to $30.1 million, compared to the prior corresponding…
Infinite Blue Energy has partnered with Petrofac for the engineering, procurement and construction (EPC) of its $350 million Arrowsmith Hydrogen Project to be constructed north of Perth, according to reports. Petrofac, an international energy services firm, will progress the Arrowsmith project to support a final investment decision in early 2021. Destined to become Australia’s largest…
Highly controversial reforms to the research and development tax incentive have been officially scrapped in a “huge win” for the tech sector, with the federal government backing down from its plan to cut $1.8 billion from the scheme.
