BioScience Managers invests in REX Bionics

Australian life sciences investment firm BioScience Managers has chosen a robotic exercise assist device (REX) as its first investment for the Biomedical Translation Fund.

The REX Bionics robotic device has been in development for over a decade and has racked up thousands of hours of user experience, helping to transform the lives of people with a range of mobility problems, stemming from spinal cord injuries, multiple sclerosis, brain injuries and neuromuscular conditions, BioScience Managers Managing Director Jeremy Curnock Cook said.

The latest version of REX, now available from the company’s purpose-built manufacturing facility, targets the rehabilitation market, and units are currently on trial in Australia and New Zealand, as well as rehabilitation centres of excellence in the UK and the USA.

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Tru-Test names Simon Mander as new chief executive

Tru-Test Corp has hired Simon Mander to lead the agritech company as it looks to build earnings after a hard round of cost-cutting in response to last year’s dairy downturn.

Mander started at the Auckland-based company today, replacing Greg Muir who stepped down after more than eight years in the top job. Chairman John Loughlin told BusinessDesk Mander brings “a very focused approach to cost and margin management” with a strong set of business analysis and profit maximisation skills.

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AFT Pharmaceuticals celebrates 20 years of success

Twenty years ago this week, husband and wife Dr Hartley Atkinson and Marree Atkinson, started AFT Pharmaceuticals (AFT) in a room off their home garage.

Last year the NZX and ASX listed company earned revenue of NZ$70M and has a market capitalisation of around NZ$250M.

Reflecting on 20 years in business, Hartley Atkinson says that his company’s success shows that kiwi companies can become global players in their respective industry while being headquartered in New Zealand.

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New Zealand government investing 35 million Dollars in collaborative genomics research platform

The New Zealand Government announced an investment of up to NZ$35 million over seven years in Genomics Aotearoa (GA), a new collaborative science organisation supporting advanced genomics research.

Genomics Aotearoa is an alliance led by the University of Otago and includes the Universities of Auckland and Massey, Crown Research Institutes AgResearch, ESR, Landcare Research, and Plant and Food, and 32 associate organisations including researchers and end users of genomics and bioinformatics.

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Research trial shows evidence that a cure may be possible for peanut allergy

A trial for the treatment for deadly peanut allergy at the Murdoch Children’s Research Institute (MCRI) has shown the strongest evidence yet that a cure may be possible. At the end of the original trial in 2013, 82% of children who received the oral immunotherapy were deemed tolerant to peanuts and went home eating peanut. Four years later, the majority of children are still eating peanut (80%) and have passed a further challenge test confirming long-term tolerance to peanut (70%).

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Monsanto and ToolGen Announce Global Licensing Agreement on CRISPR Platform, Underscore the Benefits of Innovation for Farmers 

Monsanto Company (NYSE: MON) and ToolGen, Inc. (KONEX, 199800), a biotechnology company specializing in genome editing, announced today that the companies have reached a global licensing agreement for the use of ToolGen’s CRISPR technology platform to develop agricultural products.

ToolGen is an early pioneer in gene editing research. The license provides Monsanto with access to ToolGen’s comprehensive suite of CRISPR intellectual property for use in plants. This agreement further expands Monsanto’s broad portfolio of gene-editing tools that can be used to develop improved and sustainable crops.

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IVF delivers major genetic gains for seedstock industry.

FOR bovine reproduction expert Luiz Porto it’s all about producing better beef.

The Brazilian trained vet said that’s achieved by taking the genetics of the best performing animals and by using In Vitro Fertilisation (IVF), rapidly decreasing the interval generation to select increasingly superior animals.

Dr Porto is the business manager of Inventia Genetic Technologies, a biotechnology company based in the Queensland Institute of Medical Research in Brisbane. The company, which was on display at centre ring during the stud cattle judging at the Ekka, is generating plenty of interest in the seedstock industry.

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Unitec’s Tech Futures Lab and The Mind Lab make key appointments to continue rapid growth

Tech Futures Lab and The Mind Lab by Unitec have expanded the depth and breadth of their team with three key additions.

Louise Webster, Craig Hilton and Lorraine Guerin will help to deliver new initiatives including ‘Driving Innovation’ (as an Approved Supplier of Callaghan Innovation) and an agritech focus added to the Tech Futures Lab Master of Applied Practice (Technological Futures)

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Release of Richard Bentley’s book “Innovate!”

The growth of our technology-based exporters can be accelerated by making changes to the way our science and innovation system operates.
Richard Bentley in his book Innovate! Transforming New Zealand’s technology – based economy, launched yesterday, presents a review of the state of our technology-based exporting sectors, how the science and innovation system supports our exporters, and explores the government’s role in developing an innovative export sector.

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