BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
Brain imaging technology company EMVision Medical Devices has announced promising clinical trial results from a patient study of its haemorrhagic stroke detection algorithm. The algorithm, dubbed ‘blood or not’, is a critical part of the microwave imaging system the company is developing under a grant from the Australian Stroke Alliance, to be fitted to point…
Infection control and dental manufacturer Dentalife has tripled in size over three years and is using collaboration as the catalyst to scaleup even further. Here Brett Henderson profiles the company, and how collaboration in business works. Dentalife is a 25-year-old family business under second generation management that manufactures infection control products and dental materials in…
Melbourne-headquartered medical technology developer and manufacturer Neo-Bionica has announced the appointment of US-based Uli Gommel (pictured) as its new Chief Technology Officer. According to a statement from the company on Tuesday, Gommel will spearhead its mission to revolutionise the delivery to market of novel neuro-technologies and smart medtech devices. Neo-Bionica was established in 2021 –…
Carbon fibre nanotube X-ray equipment manufacturer Micro-X has sold $1.5 million worth of its Rover Mobile units to the federal government. Micro-X will supply the machines, which add to a growing list of sales for the Rover, from existing inventory following final modification work. The Adelaide company did not say what use the government would…
By Peter Roberts The news that contract manufacturer Neo-Bionica has established Australia’s first facility capability of hermetically sealing implantable medical devices brings to mind the story of how Cochlear’s manufacturing skills in the area kept it from going offshore – and remain a secret of its success. The process of hermitization which Neo-Bionica is now…
Advanced MedTech contract manufacturer Neo-Bionica has revealed the expansion of its manufacturing services with the launch of its new hermitization capability – a first for Australian industry. Hermitization is a critical capability in the development of implantable medical devices such as cardiac pacemakers, cochlear and other hearing implants, and deep brain and spinal cord stimulation.…
Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…
New modelling published by CSIRO estimates that non-animal models for medical product development have the potential to create $1.5 billion in revenue and 5,000 jobs by 2024. Animals are typically used as part of R&D and testing to ensure the safety and effectiveness of new medical products, according to CSIRO. Non-animal models can use “human-derived”…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…