Finance, Grants, Deals

Offer for Germany’s leading generic producer

The management of Stada Arzneimittel AG, Germany’s leading generics producer, has accepted a €4.1 billion offer for the company from two private equity firms, Bain Capital Private Equity LP of Boston Massachusetts, US and Cinven Partners LLP of London, UK.

Location

Germany

Nanobiotix raises €25.1 million in private placement

Nanobiotix SA, which is developing technology for enhancing radiotherapy treatments, has raised €25.1 million in a private share placement to finance its portfolio and the expected European market launch of its lead product NBTXR3.

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Location

France

Symetis gains access to US market

Switzerland-based Symetis GmbH has made a major step onto the US medical device market after agreeing to be acquired by Boston Scientific Corp. The deal, announced on 30 March, consolidates the two companies’ technologies for treating valvular heart disease.

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Location

Switzerland

Seed funding for Imperial College spin-out

Cardian Ltd, a new spin-out from Imperial College London, has received £1.5 million in seed funding to commercialise a device for monitoring patients with heart failure and help physicians manage their care. The device does not need batteries or a power line.

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Location

United Kingdom

Abzena proposes private share placement

UK-based Abzena Plc is proposing to raise about £25 million through a private share placement to finance the expansion of its technology services to companies in the US and Europe. The company is listed on the AIM market, which is part of the London Stock Exchange.

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Location

United Kingdom

Verona Pharma plans global share offering

Verona Pharma Plc, which is developing therapeutics for respiratory diseases, has filed registration documents for a public offering of its American Depositary Shares (ADSs) on Nasdaq in New York. UK-based Verona is already listed on the AIM market in London.

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Location

United States

Belgium’s Ogeda to be bought by Astellas

The privately-owned Belgian drug developer Ogeda SA is to be acquired by Astellas Pharma Inc of Japan in a deal potentially valued at €800 million. Ogeda is developing products for women’s health that target G-protein coupled receptors (GPCRs).

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Location

Belgium

Meeting Report: Opportunities in cell and gene therapy

The opportunities for commercialising cell and gene therapies appeared relatively bright as the first quarter drew to a close, helped by new finance and the prospective approval of the first cancer products made from engineered T cells.

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Location

Spain

Mereo BioPharma in share placement for orphan drug

Mereo BioPharma Group Plc has announced a private share placement intended to raise £15 million to support development of a treatment for osteogenesis imperfecta, a genetic disorder characterised by bones that break easily.

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Location

United Kingdom

BerGenBio issues shares on Oslo Stock Exchange

The Norwegian oncology developer BerGenBio ASA is making an initial public offering of its shares on the Oslo Stock Exchange in order to support development of a Phase 2 compound targeting three cancer indications.

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Location

Norway

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