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Market wrap: Australia bucks global trend as weak energy and miners deflate the ASX 200
Once again, Australia’s relative lack of technology stocks has seen the local market fail to keep pace with strong offshore leads. On Friday after all three major US equity benchmarks reset new highs, weakness in mining and energy stocks in Australia dragged the ASX 200 index down by 0.2% or 11.4 points, to 7770.6 points. […]
Biotechnology
Universal Biosensors secures FDA approval for Xprecia Prime, paving way for US market expansion
Melbourne-based medical company Universal Biosensors (ASX: UBI) has received two approvals from the US Food and Drug Administration (FDA) for its Xprecia Prime coagulation analyser as a class II device. Receipt of FDA 510(k) and a clinical laboratory improvement amendments (CLIA) waiver means the company is now poised to sell the product to professional health […]
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