A $250 million venture capital initiative launched by the Forrest family seeks to leverage the millions of dollars of health-related R&D funding by governments and bridge the commercialisation 'valley of death' faced by many startups.
The volatility of the stock market towards the end of the financial year has been further illustrated by results reported well after the June 30 cut-off date by specialist funds operating from Western Australia.
Peter Meurs and Perth-based Merchant Group have invested $9.5 million in biopharmaceutical company Dimerix, as part of a broader capital raising to fast-track clinical studies.
Perth-based Marketech has launched an upgraded ASX trading platform targeting high-volume traders, after tapping national investors to fund its development.
Medicinal cannabis company AusCann Group Holdings has bought in to the animal health sector after announcing its acquisition of NSW business CannPal Animal Therapeutics.
Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.
West Perth-based Sky and Space Global has revised its previously announced plans for a $15 million capital raising, with the funds to be raised through a placement and rights issue at 0.5 cents per share.
AusCann Group Holdings chair Mal Washer and director Cheryl Edwardes have advised they will retire from the medical cannabis company's board, with major shareholder Merchant Group planning to nominate one new director.
Perth-based Merchant Group is now the largest shareholder of medical cannabis company AusCann Group Holdings, after it acquired an 11.43 per cent stake worth around $11.6 million.
Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.
A Perth technology startup backed by mining entrepreneur Kerry Harmanis has developed an artificial intelligence platform it believes can be applied to nearly any industry.
Perth-based tech company Velpic has struck a deal to sell its primary business to Damstra Technology for about $3.8 million, weeks after most of its staff were made redundant.
Local tech company Sky and Space Global has tapped investors for $10 million and has launched a $5 million share purchase plan, with funds to be spent on the design and construction of its first batch of nanosatellites.
Perth-founded building systems manufacturer Pro9 Global is planning to shake-up the construction industry, with a new energy-efficient and fire-resistant wall and façade structure.
Listed company 1-Page is looking for new ways to spend its $26 million cash balance after selling its US technology business, which lost about $45 million over three years.
A medical cannabis company focused on animal health has announced plans to list on the ASX, while two other companies - including a pearling business - have made movements in the pharmaceutical space.
Leederville-based cycling products developer Cycliq has completed a $2 million placement and plans to raise an additional $1.5 million through a rights issue, a week after the company's two founders stepped down from their executive roles.
Perth-based director Andrew Chapman is at the centre of an escalating battle between the board and the management team at US-focused tech company 1-Page over control of the business and its $30 million of cash.
The board of Silicon Valley-based online recruitment company 1-Page has undergone a board shake-up, with Perth-based Andrew Chapman replacing two outgoing directors at the one-time high-flying company.
One of 1-Page's substantial shareholders, a subsidiary of Nedlands-based financial services firm Merchant Group, has called for the removal of the majority of the tech company's board and a new direction for the business, after a year of poor performance on the share market.
Perth-based medical cannabis company Phytotech Medical has completed its $20.7 million merger with Canada-based firm MMJ Bioscience and raised $4.8 million in an oversubscribed placement to sophisticated investors.
The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.
A local oil and gas explorer led by Steinepreis Paganin partner Peter Wall has announced plans to acquire a digital technology company in a backdoor listing.
