Gilman Wong has been forced to step aside as chief executive of cancer treatment outfit Sirtex Medical following shareholder demands for an investigation into the sale of shares two months ago.
Michael J. de la Merced contributed reporting.
Cancer treatment group Sirtex Medical was questioned by the stock exchange over weak sales a week before the company confirmed that sales growth had all but disappeared.
The warning signs were there for all to see ahead of a trading update last week that slashed hundreds of millions of dollars off the market worth of biotech outfit Sirtex.
Hate doing laundry? This Laundroid doesn't only wash and dry garments, but also sort, fold and neatly arrange them. Now its Japanese inventor has won $71 million from investors including Panasonic, and is preparing to take the business public.
At 26, John Collison, the co-founder of online payments service Stripe, has become the world's youngest self-made billionaire, according to Forbes.
James Packer's Israeli secret is not so secret any more, with Australian business people flocking to Israel in unprecedented numbers to learn about the "Start-up Nation".
What's worse, a phone that explodes in your face or a drone that falls from the skies?
Find out how they get that special sauce in the business DNA.
More than 85 per cent of Tesla shareholders have voted in favour of its controversial SolarCity deal.
The float of messaging phenomenon Snapchat is likely to make its chief executive Evan Spiegel and his fiancee Miranda Kerr one of the world's richest young couples.
Excitement and a century-old industrial company don't usually mix in the minds of Silicon Valley talent.
It is working in one of the hottest areas of biotechnology research - antibiotic resistance - and after $20 million and years of development work, SpeeDX, is launching sales in Europe
It all started in a yellow suburban house in Brisbane with a single plastic sewing machine, a blog, and a hope that girls somewhere would like these patterned tights.
Uber is under the ATO's watch on its tax affairs.
Public service departments "too nervous" to innovate, say start-ups.
Forget singing or acting your way to riches. Tech entrepreneurs dominate the list of Australia's young and wealthy.
It may take only one hot tech firm float to flop badly and 2017 could be the year the dotcom bubble 2.0 finally goes pop.
Lower taxes on patented inventions, extended patent protections and pooled intellectual property by universities are among a raft of proposals put forward to give the biotechnology sector the chance to catch up globally
China's tech industry giants are ploughing hundreds of millions of dollars into what they're betting will be the country's next big internet craze - 'Uber for bikes'.
To keep the US government at arm's length, it helps to get close to it first. No wonder tech giants like Facebook, Google and Uber have embedded themselves in Washington.
Australia's telecommunications sector finally got back what it does best this week - sledging each other in public over
Ice cream, custard, even cheese - an Australian inventor has found a way to make the humble potato the ultimate superfood.
Feel free to check your email while driving this car. Or maybe you'd prefer to make a video call, or just relax and take in the scenery.
Consumers will have to pay more to use the NBN in coming years unless the government-owned company lowers speed prices, telcos are warning.
The new world of innovation runs on the belief that 'if it's worth doing, it's worth doing badly'.
When I first heard Elon Musk had asked his audience if they were willing to die in a great endeavour, I assumed he was speaking to shareholders.
Samsung's disastrous launch of its latest smartphone is a symptom the family controlled company's structure, according to a leading figuring in South Korea's start-up scene.
SpaceX is developing an interplanetary rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonising the planet, company chief and tech billionaire Elon Musk said.
Musk's keynote address, entitled 'Making Humans a Multiplanetary Species,' will tackle the technical challenges and "potential architectures for colonizing the Red Planet,"
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