Nordic Nanovector ASA, which is developing a radio-immunotherapy for non-Hodgkin lymphomas, has raised a NOK 575 million (€68.4 million) in an initial public offering of its shares on the Oslo Stock Exchange. ABG Sundal Collier Norge ASA and DBN ASA led the syndicate.
BioInvent International AB plans to raise SEK 75 million (€8 million) in a rights issue to investors to further develop its anti-cancer antibodies. Shareholders of record on 24 April will receive rights to purchase four new shares for every nine held.
Perrigo Company plc, the Ireland-based pharmaceutical conglomerate, has rejected a takeover bid from the global generics manufacturer Mylan NV (formerly Mylan Inc) while Mylan itself has spurned a takeover approach from Israel-based Teva Pharmaceuticals Industry Ltd.
AstraZeneca Plc has announced two new deals in immuno-oncology that will exploit the potential of its checkpoint inhibitor MED14736 in both haematological and solid tumour cancers. The monoclonal antibody is currently in Phase 3 development for non-small cell lung cancer and head and neck cancer.
The strong dollar had a negative impact on Novartis’ financial results for the first quarter offsetting strong volume growth and productivity gains. Net sales were $11.9 billion, down by 7% from a year earlier and the operating profit was $2.8 billion, down by 1%. The company reported a net income of $2.3 billion for the period, down by 6%.
The Roche Group has issued its first quarter report showing that global sales rose by 3% to CHF 11.8 billion (€11.3 billion) from a year earlier. However, the underlying performance was affected by a 6.8% rise of the dollar against the Swiss franc and a 12.1% decline of the euro against the franc.
Actelion AG, a specialist Swiss pharmaceutical company with a franchise in pulmonary arterial hypertension (PAH), reported a 10% gain in revenue for the first 2015 quarter to CHF 515 million (€502 million) and a 24% rise in operating profits to CHF 190 million.
Thrombogenics NV has teamed up with the Flanders Institute for Biotechnology (VIB) to create a new oncology company, Oncurious NV, which will re-start development of an antibody that was once licensed to Roche. Called TB-403, the antibody targets placental growth factor.
Small and medium-sized enterprises (SMEs) play a special role in drug development particularly in the field of advanced therapy medicinal products (ATMPs). With small numbers of staff, many of whom are scientists, they are in a unique position to drive medical innovation.
An initial public offering for Biocartis Group NV is under way on Euronext Brussels stock exchange in a book-building process that will determine the offering price. The Belgian company’s main product is a portable machine for the molecular diagnosis of cancer and other diseases.