After undertaking significant capital raising and promising about five-times its 2021 EBITDA, tertiary education company EDU Holdings (ASX: EDU) has decided to terminate its acquisition agreement with the Nurse Training Australia (NTA). The $6 million acquisition, initially disclosed on June 2, 2022, hinged on NTA obtaining reaccreditation for its Diploma of Nursing program from the
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Fresh off reporting final interim data from their Phase 2 clinical trials for PXS-5505 to treat myelofibrosis, biotech company Pharmaxis (ASX: PXS) has quickly jumped forward in the commercialisation process having been cleared by the US Food and Drug Administration (FDA) to commence a combination arm of the trial. The clearance of the amended trial
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In 2021, locals reported spotting a Yowie—a mythical Bigfoot-esque creature—in Queensland. Whether the hairy creature is real is uncertain, but what’s very real and tangible is confectionary company Yowie’s (ASX: YOW) ASX comeback with a massive portfolio. To begin with, Yowie has secured a sweet deal with the Australian Football League. As part of the
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Micro-investing app Raiz (ASX: RZI), which encourages users to invest small amounts regularly, is launching a new product feature—Raiz Plus. Raiz Custom portfolios will now be known as Raiz Plus portfolios, providing customers with the ability to add individual ASX stocks to portfolios for a bespoke investing experience. This lets users build fully personalised portfolios
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Diversified industrial hemp company Ecofibre’s (ASX: EOF) speciality manufacturing division, Hemp Black, has locked in a three-year supply relationship with global athletic apparel company Under Armour. The arrangement will involve the supply of a specialty yarn for apparel use. At full production, the Company expects to generate $9 million in annual revenue. The equipment commissioning
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Under the leadership of newly appointed CEO Mark Healy, digital payments company Novatti Group (ASX: NOV) is accelerating its pathway to profitability with an immediate uplift in their gross margins. Having spent the last few years developing and monetising their digital payment ecosystem, Novatti now has the revenue base to optimise its sales strategy by
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Semiconductor company Archer Materials (ASX: AXE) has just hit a new milestone: an upgrade for its gFET (graphene field effect transistor) biochip design, aimed to enhance disease detection and control. This comes just a few weeks after it engaged with commercial foundry partners in Germany to begin a multi-project wafer run (an ‘MPW’) of the
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Like most developed countries, Australia’s population is ageing. While senior citizens are known to not exactly be technophiles, a research by the Pew Research Center shows that this group is more digitally connected than ever. In Australia, 87% of seniors now find digital services helpful compared to 71% in 2018, influenced by the pandemic where they
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Cost-cutting is traditionally the vernacular of the private sector where savings ultimately lead to profit but such business acumen is now creeping into the public sector which is catching wind of the reliability and efficiency of digital humans which could soon replace many public servants. This is the nature of digital humans according to artificial
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In the rapidly advancing field of quantum computing, Archer Materials (ASX: AXE) has managed to make groundbreaking progress. The Australian semiconductor company has been pushing the boundaries of quantum coherence times and making significant strides towards commercialising their qubit processor technology without the hype or overspending. Quantum coherence time, a critical metric in quantum computing,
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