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…

Manufacturing to benefit from Adelaide Commonwealth Games

Analysis by Peter Roberts The South Australian capital of Adelaide seems assured of being the host city for the 2026 Commonwealth Games, with manufacturers among the many beneficiaries of this global event. Commonwealth Games Federation president, Louise Martin gave the game away in a little-reported interview on BBC radio this week, according to games insiders.…

Global hemp manufacturer frustrated in Australia

The Australian-listed company that brought you the hemp burger remains frustrated in Australia despite being close to its goal of profitability internationally, according to the company. Elixinol Global (ASX: EXL), listed in Australia with a market capitalisation of $632 million but headquartered in the United States, just reported revenue of $11.7 million for the first…

Carnegie snatches victory from jaws of defeat

Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…