Perth biotechnology group Proteomics International Laboratories has reached an agreement to exclusively licence its PromarkerD test for diabetes to Sonic Healthcare USA. An estimated 32 million people or 11 percent of the American population live with diabetes, with PromarkerD the only test available that is able to identify their risk of developing diabetic kidney disease.…
Perth biotechnology group Proteomics International Laboratories (ASX: PIL) has further developed markets for its test technology snd test kits with news it would be sold in Europe. The company announced its PromarkerD test system to predict the onset of diabetic kidney disease would be sold in Spain under a deal with Patia Europe. The company…
Starpharma’s loss, strong financial position Biotechnology company Starpharma‘s loss narrowed during FY24 by 48 percent from $15.6 million to $8.2 million. Net cash outflow of $11.8 million was down $7.4 million from FY23 on revenue up 132 percent to $9.8 million. Revenue included a one-time $6.6 million cash payment from Mundipharma on termination of a…
Provaris Energy seeks swift restart to compressed hydrogen tank construction Australian green hydrogen developer Provaris Energy is working with secured lenders to have construction resume of its proprietary compressed hydrogen transport tank for the company’s proposed H2Neo carrier vessel. Earlier this month the company revealed the bankruptcy of Norwegian-based Prodtex Industri AS which operates the…
Iluka reveals capital cost of rare earths refinery Perth minerals company Iluka Resources has revealed a $1.5 to $1.8 billion capital cost of Australia’s first integrated rare earths refinery for producing rare earths oxides at Eneabba in Western Australia. The estimate comes from Iluka and Fluor who are optimising the project and conducting FEED work.…
Magnis goes slow on Townsville battery factory Magnis Energy Technologies appears to be going slow on its planned Townsville lithium-ion battery manufacturing factory. The company is a member of the Imperium 3 Townsville consortium which has completed a feasibility study for an 18 GWh battery plant – the study was funded by the Queensland government.…
First commercial space launch blasts off from Arnhem Land Equatorial Launch Australia (ELA) owner of the Arnhem Space Centre (ASC) on the Gove Peninsula in Australia’s Northern Territory last night successfully completed Australia’s first commercial space launch with NASA (rocket, pictured). The historic launch was NASA’s first from a fully commercial spaceport and is the…
By Katherine Wynn, CSIRO and Michelle Colgrave, CSIRO As demand for alternative protein sources grows, Australians are increasingly looking for options that are healthy, sustainable and ethically made. At CSIRO, we have produced a “protein roadmap” to guide investments in a diverse range of new products and ingredients. We believe plant-based patties, lab-made meat and…
Proteomics International enters UK market. Perth biotechnology group Proteomics International Laboratories has secured United Kingdom distribution for its PromarkerD test system to predict the onset of diabetic kidney disease. Apacor Ltd will become the exclusive distributor for PromarkerD covering an estimated 4.8 million people who live with diabetes, making them vulnerable to kidney disease. The…
Five Western Australian companies have been awarded a total of $450,000 in grants through the WA Medical Technology and Pharmaceutical (MTP) Manufacturing Voucher Program. The program aims to accelerate the development and manufacturing of medical technology and pharmaceutical products in the state. “We have an enormous opportunity to capitalise on home-grown medical technology to help…
