Pacific Edge, the medical biotech company, has been awarded a Japanese patent for its colorectal cancer screening technology, as the company looks to expand its range of diagnostic tests internationally. The shares rose on open. The Dunedin-based biotech is looking to commercialise its Cxcolorectal test in Japan, where colorectal is the nation’s most prevalent cancer, it said in a statement. The …

Would-be ironsands miner TransTasman Resources has been instructed by the High Court to come up with a far shorter, more focused appeal against the rejection of its application to mine the seabed in the Exclusive Economic Zone. At a chambers hearing on Tuesday, which media were allowed to attend, Justice Denis Clifford gave TTR’s counsel, Hugh Rennie QC, until Friday, …

Westpac Banking Corp and Kiwibank led earnings growth among New Zealand’s banks in the second quarter, as increased lending and wider margins propped up profits. Net profit across New Zealand’s banks edged down to $1.125 billion in the three months ended June 30 from $1.15 billion in the March quarter, though stripping out a one-off insurance settlement by Australia & New …