• L’Oréal to take minority stake in Chinese startup Shinehigh Innovation
  • Shinehigh is developing supramolecular technology which could be used in the fashion industry
  • Best and worst performing ASX biotechs over the past couple of weeks

 

Beauty giant L’Oréal has just taken a minority stake in Shinehigh Innovation, a Chinese biotech company specialising in supramolecular chemistry.

L’Oréal says it wants to bring in the application of supramolecular technology to the beauty industry, in order to bring “breakthrough new performances to the beauty market”.

What is supramolecular technology and how is it being used?

Supramolecular chemistry produces materials which are based on irreversible i.e. permanent bonds, in contrast with polymers which are derived from traditional chemistry.

This feature enables self-healing properties, meaning that it can heal itself when, for example, sliced in two.

Studies show that cracks or breaks occurring in supramolecular materials can be repaired by simply putting the fractured surfaces back together and applying light pressure. The longer the ends are held together, the stronger the bond is.

L’Oréal says this breakthrough self-assembling technology will allow it to overcome conventional ingredient challenges, and create previously impossible ingredient combinations.

“The partnership will enable L’Oréal to unlock the full potential of raw materials, overcoming known limitations such as incompatibility, instability and delivery, to develop innovative skin, hair and scalp formulations with a wider range of benefits,” said the company.

 

Uses of supramolecular technology in biotech

Supramolecular technology also plays an increasing and significant role in biotech by providing novel approaches to solve various medical challenges.

For example, supramolecular systems enhance drug delivery by protecting drugs from degradation and allowing for controlled release at specific target sites in the body.

Supramolecular chemistry can also be used in drug discovery by designing molecular receptors that selectively bind to specific drug targets. This can aid in screening of potential new drug candidates.

Recently, supramolecular complexes are being used to deliver genetic material (such as DNA or RNA) into cells for gene therapy applications.

 

US vs China in biotech

Shinehigh Innovation’s progress in this field has underscored China’s leap into the biotech sector in recent years – which has led to a tight race towards the top between itself and the US.

According to data released last week by the Australian Strategic Policy Institute (ASPI), the two countries are a dead heat in many segments of the biotech sector.

 

Source: Australian Strategic Policy Institute

 

Of the four new fields, the US leads high-impact research in genetic engineering and nuclear medicine and radiotherapy, while China is ahead in genome and genetic sequencing, and novel antibiotics and antivirals.

Synthetic biology meanwhile is perhaps the most nascent within biotech – and as an emerging technology on par with quantum, is a huge area of interest for China, says ASPI.

ASPI’s study also shows that the University of California is the top institution in three of seven biotechnologies, with a strong lead in both genetic engineering, and genome and genetic sequencing.

 

Best and worst performing ASX biotechs over the past month

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CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
PCK Painchek Ltd 0.042 44.83 40.00 40.00 40.00 $58,923,662
RGS Regeneus Ltd 0.007 40.00 -22.22 -36.36 -85.42 $2,145,058
GTG Genetic Technologies 0.003 25.00 25.00 -16.67 -28.57 $28,854,145
MXC Mgc Pharmaceuticals 0.003 25.00 25.00 -75.00 -83.33 $11,069,920
EPN Epsilon Healthcare 0.032 23.08 23.08 52.38 39.13 $9,611,328
UBI Universal Biosensors 0.280 21.74 12.00 16.67 24.44 $59,463,442
BIT Biotron Limited 0.040 21.21 29.03 53.85 -15.71 $36,077,796
CBL Control Bionics 0.086 17.81 11.69 -49.41 -44.52 $8,807,167
EXL Elixinol Wellness 0.008 14.29 -27.27 -60.00 -71.43 $5,011,862
ACW Actinogen Medical 0.020 11.11 -25.93 -68.92 -72.96 $44,326,202
GLH Global Health Ltd 0.155 10.71 3.33 -8.82 -50.79 $8,997,678
MDR Medadvisor Limited 0.225 9.76 -2.17 -11.76 50.00 $122,987,909
RAD Radiopharm 0.120 9.09 31.87 -25.00 -24.77 $28,717,564
CMP Compumedics Limited 0.195 8.33 8.33 39.29 -22.00 $34,546,775
CYP Cynata Therapeutics 0.145 7.41 7.41 -50.85 -53.23 $26,046,609
ONE Oneview Healthcare 0.230 6.98 6.98 228.57 167.44 $152,977,439
BXN Bioxyne Ltd 0.016 6.67 33.33 -30.43 -30.43 $30,426,326
RHT Resonance Health 0.069 6.15 15.00 64.29 25.45 $31,798,787
PGC Paragon Care Limited 0.175 6.06 -20.45 -23.91 -50.00 $115,385,538
PXS Pharmaxis Ltd 0.036 5.88 -10.00 -26.53 -57.14 $25,994,562
EZZ EZZ Life Science 0.645 5.74 0.78 57.32 115.00 $27,544,725
SHG Singular Health 0.040 5.26 -2.44 -55.56 -66.67 $5,652,411
ALC Alcidion Group Ltd 0.110 4.76 -12.00 -8.33 -8.33 $139,747,661
RHY Rhythm Biosciences 0.340 4.62 -9.33 -28.42 -69.91 $75,188,480
ANP Antisense Therapeut. 0.072 4.35 35.85 -17.24 -14.29 $64,911,238
TRU Truscreen 0.024 4.35 0.00 -17.24 -46.67 $9,999,408
PNV Polynovo Limited 1.335 4.30 -10.70 -24.79 -4.30 $921,460,723
DOC Doctor Care Anywhere 0.059 3.51 19.19 13.46 -6.35 $21,631,893
IMM Immutep Ltd 0.300 3.45 9.09 10.81 17.20 $356,191,863
IDT IDT Australia Ltd 0.064 3.23 -3.03 3.23 -35.35 $22,494,686
IHL Incannex Healthcare 0.069 2.99 -21.59 -42.50 -73.96 $109,503,715
AGH Althea Group 0.035 2.94 -16.67 -31.37 -56.25 $13,861,538
PSQ Pacific Smiles Grp 1.400 2.94 6.87 24.44 -5.08 $223,414,713
AHC Austco Healthcare 0.185 2.78 8.82 51.02 48.00 $53,796,181
NOX Noxopharm Limited 0.038 2.70 0.00 -61.22 -80.51 $11,105,042
ARX Aroa Biosurgery 0.820 2.50 -5.75 -20.39 7.89 $281,621,950
CAJ Capitol Health 0.210 2.44 -8.70 -19.23 -32.26 $223,819,975
CYC Cyclopharm Limited 2.550 2.41 10.87 70.00 96.15 $239,435,631
VHT Volpara Health Tech 0.720 2.13 -11.11 -5.88 56.52 $183,137,982
CAN Cann Group Ltd 0.123 2.08 -2.00 -14.84 -52.50 $52,185,500
GSS Genetic Signatures 0.500 2.04 8.70 -35.90 -40.83 $71,702,998
PYC PYC Therapeutics 0.060 1.69 -7.69 -15.49 -14.29 $223,972,028
AMT Allegra Orthopaedics 0.061 1.67 1.67 10.91 -35.11 $7,296,273
1AD Adalta Limited 0.022 0.00 -4.35 -26.67 -56.00 $9,713,579
1AI Algorae Pharma 0.014 0.00 0.00 55.56 5.00 $22,900,363
1ST 1St Group Ltd 0.009 0.00 -10.00 0.00 12.50 $12,752,921
AC8 Auscann Grp Hlgs Ltd 0.040 0.00 0.00 0.00 0.00 $17,621,884
AVE Avecho Biotech Ltd 0.005 0.00 -44.44 -44.44 -54.55 $13,491,460
BDX Bcaldiagnostics 0.110 0.00 -4.35 61.76 66.67 $26,739,646
BP8 Bph Global Ltd 0.002 0.00 -20.00 -84.81 -84.81 $2,669,460
BPH BPH Energy Ltd 0.019 0.00 5.56 -17.39 5.56 $19,394,962
BWX BWX Limited 0.200 0.00 0.00 0.00 -68.25 $39,997,500
CDX Cardiex Limited 0.135 0.00 -15.63 -48.08 -55.00 $19,397,276
CHM Chimeric Therapeutic 0.030 0.00 -18.92 -52.38 -65.52 $15,882,089
EYE Nova EYE Medical Ltd 0.195 0.00 -18.75 -35.00 -13.33 $37,172,634
HCT Holista CollTech Ltd 0.011 0.00 10.00 -26.67 -65.63 $3,066,801
HXL Hexima 0.022 0.00 -4.35 46.67 46.67 $3,674,872
IBX Imagion Biosys Ltd 0.014 0.00 -6.67 -22.22 -57.58 $18,280,732
ICR Intelicare Holdings 0.014 0.00 -6.67 -26.32 -64.56 $2,924,816
ILA Island Pharma 0.076 0.00 -10.59 -5.00 -57.78 $6,176,404
IMC Immuron Limited 0.076 0.00 -5.00 0.00 -14.61 $17,312,674
IPD Impedimed Limited 0.175 0.00 -2.78 196.61 169.23 $353,286,772
JTL Jayex Technology Ltd 0.008 0.00 -11.11 0.00 -20.00 $2,250,228
LDX Lumos Diagnostics 0.100 0.00 -4.76 244.83 66.67 $44,344,290
MDC Medlab Clinical Ltd 6.600 0.00 0.00 0.00 -42.11 $15,071,113
ME1 Melodiol Glb Health 0.005 0.00 -28.57 -50.00 -83.87 $14,736,602
MEB Medibio Limited 0.001 0.00 0.00 0.00 0.00 $6,100,744
MX1 Micro-X Limited 0.115 0.00 -4.17 9.52 -34.29 $59,388,874
NYR Nyrada Inc. 0.025 0.00 0.00 -77.27 -80.77 $3,900,218
OCC Orthocell Limited 0.375 0.00 1.35 4.17 -1.32 $73,988,652
OIL Optiscan Imaging 0.075 0.00 4.17 -12.02 -30.42 $62,628,060
OSL Oncosil Medical 0.010 0.00 0.00 -16.67 -75.87 $19,758,411
PAB Patrys Limited 0.007 0.00 -22.22 -69.57 -68.18 $14,402,131
PBP Probiotec Limited 2.630 0.00 -2.59 9.58 17.94 $213,880,558
PIQ Proteomics Int Lab 0.900 0.00 11.11 13.92 -4.26 $110,101,249
S66 Star Combo 0.091 0.00 -17.27 -13.33 -58.64 $12,292,551
TD1 Tali Digital Limited 0.001 0.00 0.00 -50.00 -70.00 $3,295,156
VTI Vision Tech Inc 0.350 0.00 59.09 75.00 27.27 $11,101,027
MVF Monash IVF Group Ltd 1.275 -0.39 8.05 23.79 42.46 $496,784,421
ZLD Zelira Therapeutics 0.985 -0.51 -15.09 5.91 -24.23 $11,176,948
CTE Cryosite Limited 0.650 -0.76 0.00 -16.67 -9.09 $31,726,216
TLX Telix Pharmaceutical 11.320 -0.79 8.43 66.23 108.09 $3,616,950,541
VBS Vectus Biosystems 0.345 -1.43 -13.75 -31.00 -49.64 $18,350,384
TRP Tissue Repair 0.270 -1.82 1.89 28.57 -11.48 $12,630,696
HGV Hygrovest Limited 0.051 -1.92 2.00 -26.09 -23.88 $10,725,841
VLS Vita Life Sciences.. 1.650 -2.37 14.98 15.38 0.00 $88,983,860
ACR Acrux Limited 0.040 -2.44 -9.09 -39.39 -33.33 $11,548,098
SDI SDI Limited 0.795 -2.45 -10.17 -4.22 -2.45 $94,498,096
ALA Arovella Therapeutic 0.078 -2.50 69.57 122.86 122.86 $70,353,255
CGS Cogstate Ltd 1.515 -2.88 6.69 8.21 5.94 $262,377,013
NTI Neurotech Intl 0.067 -2.90 45.65 31.37 -20.24 $59,114,735
RSH Respiri Limited 0.033 -2.94 13.79 -45.90 -29.79 $32,132,022
RCE Recce Pharmaceutical 0.470 -3.09 -31.20 -14.47 -26.97 $92,511,366
ADO Anteotech Ltd 0.028 -3.45 -6.67 -22.22 -40.43 $61,500,388
PAA Pharmaust Limited 0.079 -3.66 8.22 -10.23 5.33 $27,553,220
AT1 Atomo Diagnostics 0.025 -3.85 -16.67 -41.86 -58.33 $15,980,058
CU6 Clarity Pharma 1.210 -3.97 10.00 63.51 92.06 $316,849,672
M7T Mach7 Tech Limited 0.705 -4.08 -7.24 19.49 23.68 $169,647,239
OPT Opthea Limited 0.335 -4.29 -40.77 -55.02 -68.27 $222,040,308
DXB Dimerix Ltd 0.065 -4.41 -5.80 -49.11 -51.00 $25,684,719
ATX Amplia Therapeutics 0.080 -4.76 0.00 -6.98 -16.67 $15,520,463
AHK Ark Mines Limited 0.190 -5.00 -5.00 -9.52 -26.92 $8,577,504
NC6 Nanollose Limited 0.050 -5.66 -16.67 13.64 -16.67 $7,444,318
NXS Next Science Limited 0.415 -5.68 -32.52 -37.59 -48.45 $110,325,293
NEU Neuren Pharmaceut. 10.480 -6.26 -16.16 -19.69 59.03 $1,326,408,284
PTX Prescient Ltd 0.058 -6.45 -23.68 -42.00 -67.78 $46,708,548
IIQ Inoviq Ltd 0.570 -6.56 -19.15 11.76 -5.79 $52,450,660
ZNO Zoono Group Ltd 0.040 -6.98 -6.98 -44.58 -67.63 $7,597,107
ATH Alterity Therap Ltd 0.007 -7.14 8.33 -7.14 -53.57 $15,859,335
MEM Memphasys Ltd 0.013 -7.14 -18.75 -7.14 -31.58 $12,473,765
IMU Imugene Limited 0.049 -7.55 -28.99 -62.31 -72.78 $350,816,893
RAC Race Oncology Ltd 0.850 -7.61 -2.86 -53.55 -55.84 $138,608,463
OSX Osteopore Limited 0.057 -8.06 -18.57 -32.14 -72.55 $8,830,362
DVL Dorsavi Ltd 0.011 -8.33 0.00 -15.38 -35.29 $6,123,278
LBT LBT Innovations 0.011 -8.33 -47.62 -74.42 -85.71 $3,914,904
AN1 Anagenics Limited 0.018 -10.00 -5.26 -30.77 -48.08 $6,581,159
MVP Medical Developments 0.830 -10.75 -23.50 -22.43 -46.28 $71,633,332
PAR Paradigm Bio. 0.600 -11.11 -15.49 -54.89 -51.61 $168,289,975
4DX 4Dmedical Limited 0.505 -11.40 -18.55 48.53 -9.82 $174,533,726
SOM SomnoMed Limited 0.580 -12.12 -28.65 -41.40 -54.40 $57,465,957
IRX Inhalerx Limited 0.042 -14.29 -6.67 -16.00 -30.00 $7,970,212
NSB Neuroscientific 0.080 -15.79 -11.11 6.67 -11.11 $11,568,390
KZA Kazia Therapeutics 0.140 -17.65 -3.45 0.00 -26.32 $33,088,912
IVX Invion Ltd 0.004 -20.00 -20.00 -50.00 -68.00 $25,686,529
RNO Rhinomed Ltd 0.039 -22.00 -48.00 -55.68 -75.63 $11,143,068
ADR Adherium Ltd 0.003 -25.00 -25.00 -14.29 -50.00 $14,998,225
BOT Botanix Pharma Ltd 0.140 -30.00 -24.32 40.00 122.22 $198,967,554
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Painchek (ASX:PCK)

Painchek rose more than 40% over the past week on no specific announcements.

The company has subsequently received a speeding ticket query from the ASX, to which it responded by saying it has adhered to the continuous disclosure requirements, and had no idea why the share price had surged.

 

Genetic Technologies (ASX:GTG)

GTG says that its expanded geneType Multi-Risk Test is now available to order in Australia.

The three new diseases – pancreatic cancer, melanoma, and atrial fibrillation – were approved for sale in Australia by the National Association of Testing Authority (NATA).

Following the approval, the geneType Multi-Risk Test now performs a total of nine individual serious disease risk assessments, all from the one simple saliva sample.

Separately, GTG announced that a Medical Research Future Fund (MRFF) grant has been awarded to a group of renowned national and international research and charity organisations.

The grant will provide funding for the CASSOWARY Trial – a trial aimed to investigate how funding for genomics-based cancer screening can be utilised in the future.

 

Biotron (ASX:BIT)

Biotron released a memo to shareholders in which it reported the progress of current clinical trials.

The company said it is in the final stage of three Phase 2 clinical trials for HIV‐1 and COVID‐19.

According to Biotron, this is a pivotal time for the company as it completes data collection and analyses of samples ahead of release of headline data in coming weeks.

The data could “put the company in a very strong position”, says Biotron.

“These data, if positive, will be central to successfully negotiating and completing a commercial transaction for the company’s HIV‐1 and COVID‐19 clinical programs.”

 

Actinogen Medical (ASX:ACW)

Actinogen announced changes to the design of the XanaMIA Phase 2b trial in patients with mild-to-moderate Alzheimer’s disease – in order to reduce the cost and time to initial results.

Initially, the FDA-approved three-arm trial was designed to explore two dose levels, in what is called ‘dose-ranging’.

Actinogen says the new design will keep the same endpoints, 36-week treatment length and other features, with the exception of dose-ranging.

The company says removal of the 5mg dose group – while deferring the dose-ranging aspect of the Xanamem program to the Phase 3 trial – does not detract from the strong confirmatory value of the trial design.

Changes in the new trial design include: 10mg or placebo daily versus 10mg, 5mg or placebo previously; and 220 patients vs 330 patients previously.

 

Global Health (ASX:GLH)

Global Health secured a contract to implement its MasterCare PAS, HotHealth Digital Front Door and FHIR integration platforms at the Adeney Private Hospital which is currently under development in Melbourne.

Adeney Private Hospital will pioneer the zero-gap model in Australia, ensuring privately insured patients are exempt from additional expenses.

The state-of-the-art facility includes 5 theatres, 30 beds, and 12 oncology chairs, providing exceptional care for short-stay patient.

Medibank Private has partnered with local doctors in the new facility due to open in July 2024.

 

Botanix Pharma (ASX:BOT)

The cannabis focused biotech plunged 30% after receiving a Complete Response Letter from the US FDA in relation to its NDA submission for Sofpironium Bromide gel, 15%.

The FDA has requested changes to the product use instructions – a paper inserted in the product carton that tells the patient how to safely and effectively use it.

However, no clinical efficacy, safety, pharmacology, non-clinical or manufacturing issues were raised by the FDA, and no additional clinical studies are required to support approval.

Botanix will now meet with the FDA and undertake the relatively minor activities required to address the product use instructions, and resubmit the NDA by the first quarter of 2024 with a target approval of mid-year.