News

Cosmo licences two advanced drug candidates to Santarus

Country
Italy

Cosmo Pharmaceuticals SpA, an Italian company specialising in developing and manufacturing treatments for gastro-intestinal diseases, has licensed two of its advanced drug candidates to Santarus Inc. of the United States in a deal that will leave Cosmo with a 10.5% holding in Santarus and with the possibility of acquiring more shares.

More executive changes at sanofi-aventis

Country
France

The top management at sanofi-aventis has changed following the appointment of Chris Viehbacher to the position of chief executive officer on 1 December 2008.

Cellzome achieves first milestone in alliance with GSK

Country
Germany

Privately-owned Cellzome Inc, which operates out of Cambridge, UK, and Heidelberg, Germany, has achieved the first milestone payment in its alliance with GlaxoSmithKline to identify kinase-targeted therapeutics for inflammatory diseases.

Evotec announces the resignation of CEO Jörn Aldag

Country
Germany

Evotec AG has unexpectedly announced the resignation of its president and chief executive officer, Jörn Aldag, effective 31 December 2008. Mr Aldag has been an executive with the company for 11 years. Mario Polywka, chief operating officer, and Klaus Maleck, chief financial officer, will jointly lead the company until a new chief executive is appointed, the company said.

Galapagos in collaboration with privately-held Dart Neuroscience

Country
Belgium

Galapagos NV of Belgium has entered into a research collaboration with privately-held Dart Neuroscience LLC of San Diego, California, valued at €4.1 million to develop a cell-based assay for the US company’s drug discovery programmes for brain disorders.

Pharming to redeem convertible bonds

Country
United Kingdom

Pharming Group NV of the Netherlands has purchased  €20.1 million of its 6.875% convertible bonds at face value with a combination of cash and shares.

Crucell launches hepatitis B vaccine in China

Country
Netherlands

Crucell NV of the Netherlands has announced the launch of its recombinant hepatitis B vaccine, Hepavax-Gene, in China. The product is being targeted at the private market segment with a particular focus on young adults. It has already been sold in at least 90 other countries.