Vasopharm GmbH, a privately held German company focused on cerebrovascular diseases, has raised €20 million from venture capital companies to finance Phase 3 development of its lead product for traumatic brain injury VAS203.
Abingworth LLP, the London-based investment group, has created a new fund to invest in late-stage life science assets that are being developed by two of its portfolio companies under contract with the pharmaceutical industry.
Netherlands-based Mucosis BV has secured a £2.77 million award from the Wellcome Trust to take an experimental vaccine against respiratory syncytial virus (RSV) into the clinic. RSV is a virus that causes lung and airway infections in infants and young children.
The neuroscience sector took a further step towards consolidation on 19 January with an agreed bid by Acorda Therapeutics Inc for Finland’s Biotie Therapies Oyj which has a late-stage compound for Parkinson’s disease in the clinic and royalty revenue from a product for alcohol dependence. The deal is valued at about $363 million.
Argenx NV, which engineers antibodies originating in llamas, has announced plans to sell about €16 million worth of its shares to funds managed by Federated Investors Inc of Pittsburg, Pennsylvania, one of the US’s largest funds with more than $350 billion under management.
Galapagos NV and AbbVie Inc have announced progress in their cystic fibrosis drug collaboration and restated their goal of developing a combination therapy for patients with the most common genetic defect – the Delta F508 mutation.
A volunteer in a Phase 1 trial of a novel neurological therapy, who had been declared brain dead three days ago, died on Sunday, according to the drug’s developer Bial-Portela & Ca. SA of Portugal. Five other patients who took part in the trial remained hospitalised.
A candidate drug for Duchenne muscular dystrophy, a genetic disorder that progressively weakens muscles in the body, has been turned down by the US Food and Drug Administration because of insufficient efficacy, according to the sponsor BioMarin Pharmaceutical Inc.
Encouraging early data for a new drug in patients with HIV infection has been reported by France-based ABIVAX SA, a publicly listed company with two candidate products in clinical development.
Nestlé Health Science has made a further financial commitment to the microbiome with an agreement to fund development and eventually market products to treat infection and inflammatory disorders being developed by Seres Therapeutics Inc.