AM-Pharma BV of the Netherlands has raised €12.2 million for the further clinical development of its recombinant human alkaline phosphatase product for acute kidney injury and ulcerative colitis – its second major fundraising in three years
Alizé Pharma SAS has raised €5 million to finance further development of an analog of a metabolic hormone that has the potential to treat type-2 diabetes and a rare children’s disease called the Prader-Willi syndrome.
Genmab A/S is expanding its involvement in antibody-drug conjugates (ADCs) with a new agreement to in-license technology from Seattle Genetics Inc. Under the latest deal, the Danish company will develop an ADC for potential use against solid tumours.
The fall-out from an alleged fiddle of Type 1 diabetes research by an Israeli company has spread to California and then on to Germany.
Results of a Phase 2 study of benralizumab from AstraZeneca Plc for chronic obstructive pulmonary disease (COPD) have been published in The Lancet Respiratory Medicine. The drug is said to be the first biologic to show a marked reduction in inflammation.
Biocartis NV, a Belgian developer of molecular diagnostics, has raised €64.5 million in equity finance to support the commercialisation of its Idylla diagnostic system.
The US Food and Drug Administration has issued its first approval for a checkpoint inhibitor that targets the T cell receptor programmed death 1 or PD-1 for the treatment of advanced melanoma. The drug, Keytruda (pembrolizumab), was developed by Merck & Co Inc.
In keeping with the trend among European biotechs to finance themselves in the US, Ablynx NV of Belgium has started an open-ended programme of selling its shares on the US over-the-counter market through the creation of American Depository Receipts (ADRs).
Bavarian Nordic A/S announced that its contract with the US Biomedical Advanced Research and Development Authority (BARDA) for the supply of smallpox vaccine has been renewed for a second time.
In the latest of a series of single asset deals among biopharma firms, AbbVie Inc has agreed to pay up to $805 million for rights to a mid-stage cancer drug being developed by Infinity Pharmaceuticals Inc with potential applications in a broad range of blood cancers.