CSL to mass-produce vaccine before trials
Australia’s biggest health company, CSL, will on Monday start manufacturing a COVID-19 vaccine as Melbourne’s iron curtain lifts.
Australia’s biggest health company, CSL, will on Monday start manufacturing a COVID-19 vaccine as Melbourne’s iron curtain lifts.
CSL has won federal approval to fly in dozens of foreign seafarers from Covid hotspot in the Philippines, despite local maritime workers being available.
Bosch Australia is undergoing a renaissance, returning to turning over $1bn a year and providing factory automation to Australia’s biggest medical companies.
Australia’s biggest health company CSL is working with the US government to protect the world’s biggest economy from another health shock.
Australian medical groups are raiding the ranks of CSL – one of the country’s heavyweights in the biotechnology field.
Healthcare giant CSL still expects a COVID-19 vaccine to become available by the middle of next year despite the pausing of several high-profile trials.
Consumer confidence hit a 3-month high, but the ASX finished firmly lower, snapping a 7-day winning streak.
Australia’s share market closed 1pc higher with gains from heavyweights CSL, BHP and CBA before the FOMC meeting.
Country’s largest companies, including CSL, BHP and Wesfarmers, warn continued lockdown will cause irreparable damage.
Shares closed at daily highs as miners and CSL lifted, while travel names gained ground and Jefferies highlighted market risk from China tensions.
The extension of Victoria’s lockdown weighed on Transurban, but did little to hamper recovery in the major banks, while the newest BNPL stock jumped 45pc.
CSL has struck a deal with the commonwealth to produce two coronavirus vaccines by early 2021, if trials are successful.
The Australian company that developed vaccines for the Spanish flu and swine flu will help to fast-track two potential COVID-19 cures.
Share losses accelerated at the close, to mark the benchmark’s worst day since May 1, with more weakness to come in the US overnight.
The lockdown induced drop in greenhouse emissions due to COVID highlights the difficulties in setting binding targets
Strength in Woolworths and BHP helped the market to hold on to gains at the close, as Fortescue shares rose to new heights.
The decision removes a cloud over executives and directors, including chair Catherine Livingstone and CEO Matt Comyn.
The Aston Martin DB5 left me shaken, not stirred.
Gains evaporated on Friday as banks and CSL fell, sending the ASX to a 0.2pc weekly loss, while early earnings have been resilient despite the pandemic pessimism.
Investors are assuming a vaccine will fix the crisis, but not everyone, especially in the US, may be willing to co-operate.
Original URL: https://www.theaustralian.com.au/topics/csl/page/12