Australia’s Coridon attracts billionaire investment

Andrew Forrest, billionaire CEO of the Australian mining company Fortescue Metals, has invested AU$3 million in the Ian Frazer-backed biotech company Coridon, which is developing DNA vaccines for a range of diseases. Frazer, who chairs Coridon, earned acclaim for his work on the cervical cancer vaccine Gardasil. Forrest's medical device company Allied Medical has raised more than AU$4 million and made the AU$3 million investment in exchange for a 38.6 percent stake in...