Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Callaghan Grant accelerates Cxbladder development

Callaghan Innovation Growth Grant accelerates Cxbladder development

Pacific Edge is delighted to have the support of Callaghan Innovation to further accelerate the development of its molecular cancer detection technology.

Callaghan Innovation has announced a Growth Grant for Pacific Edge that will provide up to $4.5 million spread over three years with additional funding for a further two years available on review.

Pacific Edge Chief Operations Officer Jimmy Suttie says the Government’s Callaghan Innovation fund recognises the ability of the Company to turn scientific discovery into products that bring real benefits for clinicians and patients.

“This funding will provide additional resources to accelerate the development of a range of cancer detection tests, including further non-invasive bladder cancer tests under the brand of Cxbladder.

Cxbladderdetect is now available to patients and their clinicians in the USA, New Zealand and Australia.

This one-stop shop of products is designed to enhance the clinician’s perspective of the urological tract for patients presenting with symptoms of possible bladder cancer.” Pacific Edge’s Chief Executive Officer David Darling says the Callaghan Innovation Growth Grant is also recognition for those shareholders who have supported Pacific Edge through the years of research, product development and commercialisation.

“Pacific Edge started out with a mission to make a real difference by finding ways to identify a range of cancers in their early stages when they can be treated with less devastating impact on peoples lives.” Cxbladder is the first commercial result of that research. Pacific Edge also has patents for diagnostic and prognostic tests for a range of other cancers including colorectal, gastric and melanoma.

The Growth Grant will supplement Pacific Edge’s own research and product development budget and lead to the employment of further research staff at its Dunedin Headquarters and Research Facility.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news