News

Cogstate Full year results

In previous guidance provided by CogState in April 2010, it was indicated that June quarter sales revenue would be impacted by some delays in commencement of a small number of clinical trials by our customers. The guidance went on to note that actual results could be impacted by new sales contracts signed before 30 J… Read all

Cochlear Ltd., maker of the world’s best-selling hearing implant, posted a 19 percent gain in full- year profit on demand for its newest product. Net income climbed to A$155.2 million ($142 million) in the 12 months ended June 30, from A$130.5 million a year earlier, Sydney-based Cochlear said today. Analysts proje… Read all

ResMed FY profit lifts

ResMed FY profit lifts

Medical equipment manufacturer ResMed Inc Ltd says it sees continued growth in its operating areas after posting a 30 per cent rise in net profit for the full year.

ResMed, which manufactures sleeping and respiratory aids, posted a net profit of $US190.1 million ($207.8 million) … Read all

Stirling Products Ltd has acquired a 65% controlling interest in remote patient monitoring equipment company TeleMedCare Holdings Pty Ltd, which is in administration. TeleMedCare operates in Australia and the UK but intends to expand in other countries. Creditors of TeleMedCare and a wholly-owned subsidiary have appr… Read all


Phylogica in trading halt

Phylogica requested a trading halt on August 3, 2010, pending an announcement about the signing of formal documentation on a new research partnership with a large pharmaceutical and biotechnology group.

Source: News Bites

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California-based Watson Pharmaceuticals Ltd is considering a bid for Sigma Pharmaceuticals Ltd's generics business, Fairfax media reports. Watson, a specialty healthcare company, has been looking at the $600 million division after Sigma experienced a series of profit downgrades, Fairfax reported.

Sigma is curre… Read all


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