Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Biotech support welcomed

New Zealand's biotechnology industry body, NZBio, welcomes the news that its Government funding will continue for a further three years.

The announcement was made today by Minister for Economic Development, the Hon Trevor Mallard.

"Biotechnology has been identified by the New Zealand Government as a high potential sector and NZBio is grateful for this continuing support. It endorses the achievements made by the local biotech sector as well as the work of NZBio," NZBio's CEO Brian Ward says.

"Today's announcement by Minister Mallard is recognition that New Zealand's biotech industry is making very good progress. Developments that will create high growth, high margin companies and add value to our primary products are being progressed right now by New Zealand biotech companies and researchers.

Highlights from New Zealand biotech sector in recent months include:

* Commencement of Antipodean Pharmaceutical's phase II trials for a Parkinson's disease treatment

* Protemix is expected to begin phase III trials of its lead compound Laszarin for the treatment of diabetic heart failure by the end of this year

* Neuren Pharmaceuticals will begin phase III trials with its lead candidate Glypromate towards the end of the year and has recently been granted a US patent for its second pipeline drug, NNZ-2566, for the treatment of brain injury

* Pacific Edge Biotechnology's announcement that it is ready to begin clinical trials for its diagnostic to detect bladder cancer and predict the risk of rapid progression of colon cancer

* Release of a new red-fleshed apple packed with health-promoting antioxidants by HortResearch

"Since its establishment in late 2003 NZBio has been instrumental in bringing focus to important areas such as the need for more funding to commercialise early stage research projects and for changes to the tax system that will benefit all high technology companies. NZBio has also assisted in connecting the industry regionally, nationally and internationally

"It is almost universally acknowledged that biotechnology will be an essential part of creating dynamic, knowledge-based economies. We are pleased the New Zealand Government recognises the sector's potential and their ongoing support is vital at this early stage of development."

NZBio Media Release, 11 June 2006


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news