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Solid growth for PharmAust's chemistry arm

Claremont-based biotech company PharmAust has announced a record year for its synthetic and medicinal chemistry subsidiary, and has flagged further growth in the year ahead.

PharmAust subsidiary, Epichem, generated $3.1 million in revenue for FY17, up 30 per cent on its performance in FY16.

The result was achieved on the back of advancements across each of its business divisions, including its drug discovery services arm, which benefitted from a significant new US-based customer.

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PharmAust (PAA)

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