Oritain hits half a billion, but faces Companies Office scrutiny

Grant Cochrane and director John Key discuss counterfeiting issues. (Image: Oritain)

Fri, 21 Jul 2023

Dunedin company Oritain, which specialises in origin tracing and is valued at $558 million, may have to disclose its earnings.Last week, the biotech firm completed a US$57m (NZ$90m) raise, in a series C round led by London venture capital firm Highland Europe, which valued it at just over half a billion dollars.But while its foundation is about traceability, the firm's earnings remain opaque. It doesn’t report its financials in NZ, despite "officially" being overseas owned from December 2021. Under the Companies Ac...

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