Ablynx share issue oversubscribed

Ablynx NV has announced that its private placement of shares was oversubscribed with the result that it raised €31.5 million by way of an accelerated bookbuilding procedure announced on 27 February.

Country: Belgium

Read more

Santhera explores strategic options

Switzerland-based Santhera Pharmaceuticals said that it is exploring its strategic options which could include a merger or acquisition. This follows its voluntary withdrawal of Catena, a product for Friedreich’s Ataxia, from the Canadian market on 27 February.

Country: Switzerland

Read more

New products lift UCB

UCB SA reported revenue growth of 7% in 2012, a year during which net sales of three new products exceeded for the first time those of the legacy product for epilepsy, Keppra (levetiracetam). The revenue outcome was in line with the company’s revised forecast in August.

Country: Belgium

Read more

Oxford BioMedica: ocular focus

Oxford BioMedica Plc ended 2012 with a renewed focus on its gene-based therapies for eye diseases including advancing a collaboration with the Mayo Clinic to develop a treatment for chronic glaucoma. Revenue last year included a heavy contribution from ocular milestones.

Country: United Kingdom

Read more

Ablynx seeks €20 million in share placement

Ablynx NV has announced plans for a capital increase of around €20 million through a private placement of shares with institutional investors. The price of the shares will be set via an accelerated book-building process.

Country: Belgium

Read more

Ablynx highlights upcoming studies

Ablynx NV said the current year should yield new partnering deals and advances in its existing partnerships while keeping cash burn at a minimum. Reporting its 2012 results on 27 February, the Belgian company outlined three potentially value-creating events involving its pipeline.

Country: Belgium

Read more

Glide raises £14 mln to scale up manufacturing

Glide Pharma Ltd has completed a fifth funding round raising £14 million to scale up manufacturing for the production of its solid dose injector system which includes drug product and device. The new round brings funds raised to date to £24.9 million.

Country: United Kingdom

Read more

Sapiens raises more Series A money

Sapiens Steering Brain Stimulation BV of the Netherlands and Germany, has raised €7.5 million from a Dutch investment group in an extension of its Series A financing round. The new funds supplement €16.5 million raised earlier from European and US backers.

Country: Netherlands

Read more

Possible bid for Elan Corp is potentially rejected

A potential $6.6 billion bid for Elan Corp was made 25 February by a private New York investment firm called Royalty Pharma LLC and potentially rejected by Elan’s board of directors.

Country: Ireland

Read more

Merck Serono glioblastoma trial fails

Merck Serono said that a Phase 3 trial of its integrin inhibitor, cilengitide, for the treatment of glioblastoma did not meet its primary endpoint of significantly increasing overall survival when added to the current standard of care, temozolomide and radiotherapy.

Country: Germany

Read more