WHEN Celebrate WA announced Western Australia's Citizen of Year awards for 2009 two weekends ago the presence of the University of Western Australia would not have escaped the attention of many.
Perth-based biotechnology company Xceed Capital Ltd will net over $6 million in scrip from selling its majority shareholding in PolyNovo Biomaterials Ltd to a Melbourne company.
The announcement of Applecross-listed and Victoria-based Xceed Biotechnology Ltd's plan to demerge subsidiary PolyNovo Biomaterials Pty Ltd through an initial public offer sent the company's stock up 37 per cent, closing at 24 cents today.