Cyclopharm’s lung imaging technology is breathing new life into the company’s bottom line, with its Technegas product surpassing the million-dollar milestone in US sales, according to Tuesday’s ASX announcement. The Sydney-based company has rapidly expanded its American footprint, with Technegas systems now installed in 27 US medical facilities as of 31 March 2025 – a…
The Federal Government is pouring $20 million into IV fluids maker, Baxter Healthcare, to expand its manufacturing capability.
A critical shortage of an essential penicillin medication is highlighting Australia’s vulnerability in pharmaceutical manufacturing, according to a new report published in the Medical Journal of Australia on Monday. The medication, benzathine benzylpenicillin G (BPG), is vital for treating syphilis and preventing rheumatic heart disease, conditions that disproportionately affect Aboriginal and Torres Strait Islander communities.…
Brisbane biotechnology company Vaxxas has completed enrolment for testing a needle-free vaccine patch against avian influenza.
Biome Australia announced its first net profit on Sunday, reporting $96,228 (excluding R&D rebate) for the first half of FY25, alongside record half-year sales revenue of $8.86 million. The microbiome health company reported positive EBITDA of $351,765 for H1 FY25, with Q2 showing an 89 per cent increase to $229,917 compared to Q1. Including R&D…
The West Australian government has provided $4.3 million in seed funding for health and medical start-ups to boost the sector’s manufacturing in the state. Nine companies will receive support from the 2022-23 Future Health Research and Innovation (FHRI) Fund Innovation Seed Fund, which will help them develop and commercialise their projects, as well as enhance…
By Peter Roberts Sydney vitamin manufacturer Blackmores has fallen victim to foreign takeover and will be removed from listing on the ASX. Japanese company Kirin Holdings, best known as a beer and beverage group, is to buy the company in a takeover valuing the business at $1.8 billion. The friendly takeover by the member of…
