Matt Ogg
Editor at Business News Australia
Head of Policy @SMMT Politics. Running. Automotive. Food. Wine. Coffee.
Articles
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2 weeks ago |
businessnewsaustralia.com | Matt Ogg
The announcement, which based on Opthea's most recent annual report implies around 22 staff will be let go, comes as the biopharmaceutical company's shares are suspended from trading while it negotiates its future with development funding investors from Carlyle and its life sciences franchise Abingworth. If Opthea's development funding agreement (DFA) is terminated it may have to stump up "several multiples" of the US$170 million it procured from its partners in FY23.
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2 weeks ago |
businessnewsaustralia.com | Matt Ogg
Mayfly Ventures founder Joe Young tells Business News Australia the combined team will have 12 staff and the capabilities to work with larger corporate partners on innovation projects requiring greater depth in product, design, and technical execution. Oka Studio founder Marco Santiago - a former managing director at Josephmark - will join the combined group as chief technology officer and partner, alongside founding partners Joe Young and Geo George.
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2 weeks ago |
businessnewsaustralia.com | Matt Ogg
Whilst pharmaceuticals had been exempt from the USA's planned so-called reciprocal tariffs, recent biotech investor sentiment demonstrated scepticism as to whether such exemptions would endure. With reciprocal tariffs set to come into effect at midnight tonight, including an uplifted 104 per cent tariff on Chinese goods in response to China's 34 per cent retaliatory tariffs, today the USA's 47th president revealed pharma would be targeted next.
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2 weeks ago |
businessnewsaustralia.com | Matt Ogg
Just a year shy of its 10th anniversary and now delivering 30,000 home care visits a month, Brisbane-headquartered group Five Good Friends (FGF) has been acquired by global alternative investment manager TPG for an undisclosed sum. TPG reports it has acquired a majority stake, and records lodged with the corporate regulator show $145.3 million was paid for FGF shares by a holding company based out of TPG's offices, which in turn is owned by a Singapore-based entity.
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2 weeks ago |
businessnewsaustralia.com | Matt Ogg
Shares in Australian pharmaceutical giant CSL (ASX: CSL) are down 4.3 per cent since US President Donald Trump's 'Liberation Day' announcement, despite a near-immediate response to the securities exchange emphasising that pharmaceutical products are not subject to the reciprocal tariffs. Another Melbourne-based biotech Mesoblast (ASX: MSO) also asserted its tariff exemptions in the immediate aftermath of tariff announcements last week.
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There are few moments in history as profound as the passing of a long reigning monarch. Here, the second Elizabethan age ends. One of my generation’s constants. As an Old Savilian of QEGS, an historian, a politico, Britain will never be the same again. GSTK.
We are deeply saddened to hear of the passing of Her Majesty Queen Elizabeth II who dedicated her life to the service of the nation and the Commonwealth https://t.co/IjPV0Hyqzj
RT @SMMT: We are deeply saddened to hear of the passing of Her Majesty Queen Elizabeth II who dedicated her life to the service of the nati…
Hero. Keep on fun running @JasminKParis, it's basically just an American Spine right?!
Jasmin Paris @JasminKParis was overheard at the fire tower saying Fun Run doesn’t seem like the right word for it. #BM100
