UQ biotech innovation partnership forges a second startup

A new startup aimed at discovering and developing anti-inflammatory disease medicines has been formed by The University of Queensland’s commercialisation arm UniQuest and global biotech company Molecule to Medicine (MTM), according to a statement released on Tuesday. Curlew Bio will leverage expertise from the Queensland Emory and Drug Discovery Initiative (QEDDI) and research developed by…

Avecho signs $23 million deal with Sandoz for CBD insomnia treatment

Avecho Biotechnology signed an exclusive ten-year development and licensing agreement with Sandoz for the commercial rights to its cannabidiol (CBD) insomnia treatment in Australia, according to an ASX announcement released on Monday. The deal includes an upfront payment of US$3 million (approximately A$4.8 million) and potential development milestone payments totalling US$16 million prior to commercialisation.…

Zoetis buys site to increase veterinary vaccine production

Animal health company Zoetis has bought a 21-acre manufacturing site in Melbourne to significantly expand its operations and increase capabilities to manufacture vaccines for sheep, cattle, dogs, cats and horses. The company which produces 130 million doses of vaccines for companion animals and livestock in Australia each year, said the expansion would support development of…