Pharmaust (PAA)

Shares / Stock Code

PAA

Stock Exchange / Sharemarket

Australian Securities Exchange

PharmAust Limited (PAA) is a unique vertically integrated pharmaceutical business involved in a range of activities from contract drug discovery and development to manufacturing, sales and marketing of healthcare & amp; pharmaceutical products. PharmAust Limited wholly owns three subsidiary companies: PharmAust Manufacturing Pty Ltd, Epichem Pty Ltd in Western Australia and Mimotopes Pty Ltd in Victoria. PAA was listed on the Australian stockmarket (ASX) on 5 October, 2001.

PharmAust was established in 1988. In October 2004, PharmAust successfully raised $5.5M with a view to develop and expand its drug discovery and drug manufacturing businesses. In late 2004 PharmAust also completed the purchase of Ramprie Laboratories. In March 2005 PharmAust acquired Melbourne-based discovery chemistry company, Mimotopes Pty Ltd.

PharmAust's differentiating factor is its partnerships with other companies in the industry. Xepa-Soul Pattinson has entered into a channel distribution agreement with PharmAust Manufacturing to develop and distribute generic medicines to the Asia-Pacific regions; Epichem is collaborating with Murdoch University on a drug discovery project; and Mimotopes is working with the Baker Heart Research Institute to develop a new treatment for lowering blood pressure.

PharmAust's major competitors include other biotechnology companies involved in producing and manufacturing goods for the pharmaceutical industry. PharmAust's core customers include private university researchers, major international pharmaceuticals companies such as GlaxoSmithKline, Pfizer and Novartis, and Australian supermarkets and retail pharmacies.

Pharmaust (PAA) Products and Services

  • Mineral explorationTo develop a vertically integrated pharmaceutical company with expertise in high value drug discovery and drug production.

Pharmaust (PAA) Locations and Subsidiaries

Pharmaust Head Office
50 Derby Road, SUBIACO, WA, AUSTRALIA, 6008
Phone: 08 9380 6550
Fax: 08 9380 4056

Pharmaust (PAA) Share Price

Submitted by ASX Listed Company on 19 May, 2010 - 17:02

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