Clocking almost 300km/h at times, race cars zoomed around the Bathurst 12-hour endurance race. One car, a blue-yellow Porsche, stood out among the hurtling metal because its bonnet sponsor was a money-losing biotechnology outfit.
At first glance, a sharemarket-listed biotechnology organisation’s race car sponsorship between 2015 and 2018 seems puzzling.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
