Pacific Edge still spending, but US diagnostics up

Fri, 29 May 2020

The cash burn continues at Pacific Edge, with a total of $14.8 million in cash in the bank at end of March, following $20.1 million of new capital raised just five months ago. Reporting a net loss of $18.9 million for the 12 months ended March 31, the Dunedin-based cancer diagnostics company said while operating revenues from test sales were up 14 percent at $4.4 million, operating expenses had also increased 5 percent to $24.1 million. This was primarily due to the impact of the weaker kiwi dollar. Cash receipts from customers improved b...

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Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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