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.
As CEO of Perth-based company Inner Vision Biometrics, Dr James Williams is making a significant contribution to the biotech industry in Western Australia.
With a PhD from Melbourne University, Dr Williams began the commercialisation path at the University of Western Australia as a senior research officer in the Laboratory for Cancer Medicine. He then became a consultant for Argus Biomedical, helping to commercialise biotechnology from extensive research. The biotechnology consisted of an artificial cornea that was developed as an alternative to donated human corneas. Dr Williams was soon managing director of the company, with the group awarded an AusIndustry R&D Start Grant under his leadership. He was appointed chief executive of Inner Vision Biometrics in May 2004. IVB is commercialising a diagnostic test that enables non-invasive measurement of liver concentration, developed in the Physics department at UWA. The value of the research done by the company is evident in the fact that the market capitalisation of IVB’s ASX listed parent has grown by more than 70 per cent.
Name | Current company |
---|
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
75th | SciDev">SciDev | 160.75% | 1.46% |
76th | Home Consortium">Home Consortium | 159.84% | 31.52% |
77th | Dimerix">Dimerix | 159.6% | 22.39% |
78th | Adisyn">Adisyn | 156.58% | 0% |
79th | Paragon Care">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.
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.
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.
Our weekly appointments wrap includes Jessica Machin, Clint Bracknell, Mimi Packer, James Williams, Peter Cook, Marianne Dravnieks, Andrew Kennedy, Fiona Murfitt and Giulia Savior.
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.
The recent $100 million sale of Agworld is a badge of success for WA tech but also reveals the sector’s limitations.
The commercial side of life sciences may have reached a critical mass in WA.
Three new local funds proposing to focus on early-stage investment are raising expectations.
Two Western Australia health projects are among 19 national recipients sharing $12 million in commercial acceleration funding from a CSIRO-backed fund.
Today's board moves wrap includes KC Ong, Mark Etherton, Rob Black, Maree Arnason, Greg Evans, James Williams, Angus Barker, Annie Liu, Gavin Rezos and more.
A not-for-profit investment vehicle aims to build a $100 million fund for WA investment.
Today's board moves wrap includes Liqun Li, Ryan Parkin, Adrian Byass, Colin McIntyre, Aaron Brinkworth, Roger Moore, James Williams, Neville Gardiner, Cullum Winn and Warren Thorne.
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James Williams is linked to 11 organisations which are included in 3 lists - Public Companies - non WA, Public Companies - Industrial WA and Charitable Organisations.
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