Private health insurer HCF has announced an AU$5 million (US$3.5 million) investment in XT Ventures, the nation's first venture capitalist fund for start-ups in the health, wellness, sport and fitness sector.
The cornerstone investment – which will be made through HCF’s health tech accelerator program, Catalyst – will help XT Ventures support health-focused innovations.
Over six years, Catalyst...
Biopharmaceutical giant Pfizer has offered AU$100 million (US$74.43 million) to acquire Australian company ResApp, which has developed a mobile app to diagnose COVID-19 by the sound of a person's cough.
In its announcement of the proposed acquisition to the Australian Stock Exchange, ResApp said Pfizer will acquire 100 per cent of the company's shares following an anticipated positive shareholder...
A low-density sprawl of 420,000 people that is known as “the bush capital”, Canberra would appear to be an unlikely digital transformation hub. But above its leafy boulevards, national institutions and mobs of kangaroos, a fleet of mini planes will soon be zipping around carrying painkillers, lattes, gelato and golf balls.
Wing announced in April that it had received Civil Aviation Safety...
Brisbane, Australia-based ResApp has signed a deal to join in the development of mobile applications that will help determine the mission-readiness of American military personnel.
ResApp, which creates smartphone apps for the diagnosis and management of respiratory diseases, has announced a partnership with aerospace giant Lockheed Martin to join the US Government’s Warfighter Analytics using...
