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Cann Group expects record revenue growth of 111% in FY23

Pharmaceutical company Cann Group Limited announced its FY23 unaudited results, with its operating revenue expected to be approximately $13.5 million, representing growth of 111 per cent or 2.1 times compared to the prior year revenue.

University of Sydney spinout bags $273m for psychiatric drug dev’t

Kinoxis Therapeutics, a University of Sydney spinoff, announced a partnership with German pharmaceutical company Boehringer Ingelheim to develop precision therapies that target oxytocin aimed at enhancing the quality of life for people with psychiatric disorders.

BioCina secures funding to develop manufacturing tech for mRNA vaccine

Australian contract development and manufacturing organisation (CDMO) BioCina has received an AUD 5 million grant under the Federal Government's Medical Research Future Fund (MRFF) Grants scheme to develop enabling technologies for the manufacture of precision mRNA vaccines.

AIP Australasian Packaging Conference 2023 to convene manufacturing experts

The 2023 Australian Institute of Packaging (AIP) Australasian Packaging Conference provisional program will be available for the first in-person conference since before the pandemic, attracting delegates from all facets of food, beverage, pharmaceutical, packaging and manufacturing industries.

Welding company K-TIG bags $600,000 order for turnkey welding system

K-TIG Limited has received a $600,000 supply and onsite commissioning order from Brewery Chemical & Dairy Engineering for the development of a Linear Precision Grow Line Circumferential Welding System

AstraZeneca backs LBT Innovations’ drug manufacturing AI development

LBT Innovations has partnered with AstraZeneca to develop artificial intelligence software that would be used in drug manufacturing. 

Funding, production costs and war for talent identified as biggest concerns for manufacturers looking...

A new survey conducted by leading global design and consultancy firm Arcadis has identified the biggest concerns preventing manufacturers from investing in their production...

MTPConnect teams up with AMGC to boost Australia’s advanced manufacturing and medtech ecosystem

MTPConnect and the Advanced Manufacturing Growth Centre (AMGC) have signed a memorandum of understanding (MoU) to work toward accelerating the growth of advanced manufacturing...

Novartis, GSK shake up pharmaceutical industry with major deals

Pharmaceutical giant Novartis and global healthcare company GlaxoSmithKline (GSK) have announced a series of transactions worth billions of dollars that will transform both firms'...
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