WestStar buys Alltype Engineering to boost fabrication capabilities

Engineering and industrial services group WestStar Industrial (ASX: WSI) has extended its manufacturing capabilities with the purchase of Alltype Engineering in an all-scrip deal. No cash is changing hands. Alltype operates a 7,000 square metre fabrication shop (pictured) employing 120 at Naval Base, Western Australia and services customers in the Oil & Gas, Water, Power…

Bionomics receives huge R&D tax refund

Biopharmaceutical developer Bionomics (ASX: BNO) has received a $5.2 million R&D Tax Incentive Refund for 2018/2019 recognising its intense product development efforts. The company, which is developing a number of novel drug candidates based its unique ionX platform technology, appears to have received one of the largest refunds for the year. While most young drug…