Thursday, 28 November, 2013 - 11:52
Biotech sector haunted by 'valley of death'
FEATURE: The state’s biotechnology sector is heating up as investors look for the next wave of investment opportunities amid waning resources investment.
Dimerix is a clinical stage drug discovery and development company. The operational headquarters of the company are in Melbourne, where Dimerix’s lead clinical program is a Phase 2 study in Chronic Kidney Disease, DMX-200. This study has repurposing of existing molecules at its core, and upon successful results from this study, Dimerix Bioscience was established as a private company in 2004, based on technology developed at the University of Western Australia, known as Receptor-Heteromer Investigation Technology (HIT)
Dimerix Bioscience underwent conversion to a public unlisted company in June 2014 and in July 2015 became a wholly owned subsidiary of Sun Biomedical Limited through a reverse takeover. Sun Biomedical’s name was changed to Dimerix Limited in November 2015.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
75th | SciDev | 160.75% | 1.46% |
76th | Home Consortium | 159.84% | 31.52% |
77th | Dimerix | 159.6% | 22.39% |
78th | Adisyn | 156.58% | 0% |
79th | Paragon Care | 154.9% | 3.78% |
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FEATURE: The state’s biotechnology sector is heating up as investors look for the next wave of investment opportunities amid waning resources investment.
FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.
Local biotech firm Sun Biomedical has announced plans to buy Melbourne-based Dimerix Bioscience in exchange for a share package worth about $8.3 million.
Fortescue Metals Group is home to two of Western Australia’s wealthiest company directors, or so it was believed until a surprise disclosure last month.
40under40: Kevin Pfleger is on a mission to turn WA medical research into solutions for chronic disease.
Nicholas Clark has retired as executive director, strategy at Alexium International Group to focus on his young family in the US following the unexpected loss of his wife last year. Mr Clark will also be stepping down from all public and community roles.
Black Mountain Resources Limited is pleased to update shareholders on the following restructure initiatives that have been agreed to by the Company and its major lender, Richmond Partners Masters Limited, subject to any necessary shareholder approvals, formal documentation and regulatory sign off
Experienced biotech and pharmaceuticals professional, Dr Nina Webster, has been appointed chief executive and managing director of Dimerix.
It has taken over 15 years, but Perth-based medical technology company Proteomics International is now launching a commercial product targeted at the US.
Peter Meurs and Perth-based Merchant Group have invested $9.5 million in biopharmaceutical company Dimerix, as part of a broader capital raising to fast-track clinical studies.
Perth-founded biopharmaceutical business Dimerix has launched phase three drug trials for patients with COVID-19 and kidney diseases.
Three new local funds proposing to focus on early-stage investment are raising expectations.
There's a Perth connection to a deal struck by pharmaceutical company Dimerix with UK-based Advanz Pharma worth up to $230 million.
Australia’s medical technology, biotechnology and pharmaceutical sector is showing encouraging signs for future investors.
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