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Construction PRO
A private group of local business people has purchased commercial office building Cairns Corporate Tower for $77.5 million.
Samsung Bioepis has successfully opposed Janssen's bid to patent a monoclonal antibody to treat ulcerative colitis, but an IP Australia delegate has given the J&J-owned company a chance to fix its application.
Construction PRO
Projects by AGL and Tilt Renewables are among 20 clean energy developments to win underwriting agreements by the Albanese government in the latest tender under the capacity investment scheme.
A rental company providing long-term leases for household items has appealed a ruling slapping it with a $7.4 million penalty for loan agreements that did not comply with credit laws.
The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.
Construction PRO
ACE Power and Osaka Gas have won fast-track approval for a 141-megawatt solar farm and battery energy storage system in NSW, with the government signing off on the project in just 19 days.
In the first-ever civil penalty proceedings for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has been ordered to pay $5.8 million over a 2022 data breach that compromised the sensitive personal information of 223,000 customers of its Medlab business.
Abbey Animal Health has appealed its loss in a suit seeking to invalidate rival Virbac's patent for an antiparasitic drug.
Construction PRO
A joint venture of AGL Energy and Someva Renewables has been given the government's go-ahead for a new wind farm in NSW's Riverina region that is expected to power almost 600,000 homes.
A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.