Finance, Grants, Deals

Watson pays $150 million upfront for Uteron Pharma

Watson Pharmaceuticals Inc has agreed to pay $150 million upfront for Uteron Pharma SA, a Belgian producer of healthcare products for women. The deal also includes up to $155 million in potential future milestone payments.

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Location

United States

Cytos takes back smoking cessation vaccine

Cytos Biotechnology Ltd said that it is reclaiming a vaccine asset that had been licensed to Novartis for the treatment of nicotine addiction following the failure of a Phase 2 trial. The product is a therapeutic vaccine.

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Location

Switzerland

Lophius raises €4 million for T-cell diagnostics

Lophius Biosciences GmbH has raised nearly €4 million from existing shareholders and new shareholders to finance development of diagnostics based on T-cell technology.

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Location

Germany

Life Technologies acquires Dutch BAC BV

Life Technologies Corp of the US has announced the acquisition of privately-owned BAC BV of the Netherlands which specialises in the development and manufacture of protein purification products. The deal will expand the US company’s capabilities in bioprocessing.

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Location

United States

Prexton gets option on PD compounds

Prexton Therapeutics SA of Geneva Switzerland has negotiated an exclusive option for a series of positive allosteric modulator drugs targeting Parkinson’s disease with the goal of progressing them into clinical development. The agreement is with Domain Therapeutics SA of France.

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Location

France

Galápagos acquires UK structure-based discovery company

Galápagos NV of Belgium will be adding structure-based drug discovery to its stable of technologies with the acquisition of Cangenix Ltd, a UK start-up that was created by scientists from the former Pfizer Inc subsidiary in Sandwich UK.

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Location

Belgium

Biotec Pharmacon raises NOK 40 mln in placement

Biotech Pharmacon ASA of Norway has announced the successful placement of 9.5 million new shares with private investors thereby raising NOK 40 million (€5.45 million) in gross proceeds for product launch and development.

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Location

Norway

Shire to acquire Lotus Tissue Repair

Shire Plc has taken further steps to strengthen its franchise in rare diseases with an agreement to acquire privately-owned  Lotus Tissue Repair Inc which has a preclinical product for the treatment of dystrophic epidermolysis bullosa (DEB). Financial terms were not disclosed.

 

 

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Location

United Kingdom

ArGEN-X starts cancer study; broadens alliance with Shire

ArGEN-X BV has announced the initiation of a Phase 1b clinical study in cancer patients of a new antibody targeting CD70, a member of the tumour necrosis factor superfamily. The company also announced an expansion of its discovery alliance with Shire Plc.

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Location

Netherlands

ISA Pharmaceuticals secures €8 million

ISA Pharmaceuticals BV of the Netherlands has secured €8 million in funding from the Aglaia Oncology Fund and private investors to finance a Phase 2 study of its lead therapeutic vaccine candidate in cervical cancer. This a follow-on to an earlier Series A round.

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Location

Netherlands

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