First section of Inland Rail completed The completion of the first section of the Inland Rail linking Melbourne and Brisbane was marked with a ceremony at Peak Hill. The 100-kilometre Parkes to Narromione section in Central West NSW will be followed by construction between Narrabri and North Star which will begin later this year. Steel,…
Jatenergy records record sales Australian dairy and consumer goods exporter Jatenergy (JAT) has recorded its highest-ever monthly sales in February driven by the emergence of coronavirus in China. The company reported February revenue of $8.3 million led by sales of its Neurio lactoferrin brand. The company expects sales to remain strong over coming months. Expansion…
By Peter Roberts Defence, space and communications group Electro Optic Systems (ASX: EOS) has raised $85 million from investors and shareholders, confirming investor appetite for progressive manufacturers. The company announced it had raised $17 million – $10 million more than initially sought – in a share purchase plan from existing shareholders. This came on top…
Nerve regeneration company Orthocell (ASX: OCC) is one of two Australian biotech to announce good news in the past week. The Perth company reported positive interim clinical results for CelGro, its collagen-based structure used as a scaffold to help rebuild damaged peripheral nerves. Orthocell’s CelGro achieved positive results in studies of 12 patients at St…
Shares in nerve growth therapy developer Orthocell (ASX: OCC) have surged 377 per cent on positive news from clinical trials of its CelGro tissue repair device. The company, which developed and manufactures CelGro at its internationally-approved facility in Perth, passed a critical trial with patients with damaged nerves. The first four patients to receive surgery…
