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Aussies cashed up for US spin-off
Posted 17 February 2026 PM
Ternarx has secured “significant investment” to create a US-based spin-off company, Ternarx Bio, to advance its lead program in prostate cancer.
It marks less than two years since Health Minister, Mark Butler, announced the official launch of Ternarx, a WEHI spin-out company borne from the Australian Centre for Targeted Therapeutics (ACTT) in Bundoora, which received a $15 million grant from the Australian government’s Medical Research Future Fund (MRFF) Frontier Health and Medical Research initiative in October 2023.
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Posted 17 February 2026 PM
Ternarx has secured “significant investment” to create a US-based spin-off company, Ternarx Bio, to advance its lead program in prostate cancer.
It marks less than two years since Health Minister, Mark Butler, announced the official launch of Ternarx, a WEHI spin-out company borne from the Australian Centre for Targeted Therapeutics (ACTT) in Bundoora, which received a $15 million grant from the Australian government’s Medical Research Future Fund (MRFF) Frontier Health and Medical Research initiative in October 2023.
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