Novartis is increasing its involvement in neurology with the acquisition of Spinifex Pharmaceuticals Inc, a privately held Australian-American company that is developing a potentially novel treatment for chronic pain and particularly neuropathic pain.
Kiadis Pharma NV said that its previously announced initial public offering on the Amsterdam and Brussels Euronext exchanges will consist of 2,272,727 shares to be priced at between €11 and €13.75 per share with a final price to be announced on 1 July..
Cosmo Pharmaceuticals SA, a specialty developer of gastro-intestinal products and a generic drug manufacturer, has announced plans to float a subsidiary on the Swiss Stock Exchange where it has a listing of its own. Terms of the offering are to be disclosed later.
Targovax AS of Norway and Oncos Therapeutics Oy of Finland have agreed to an all-share merger to create a Nordic oncology company with a combined portfolio of early-stage cancer vaccines poised to take advantage of new opportunities in immuno-oncology.
Swedish Orphan Biovitrum AB (Sobi), a developer of drugs for rare diseases, has terminated discussions with an undisclosed party in relation to a possible takeover proposal for the company. Sobi announced the end of discussions on 8 June.
Allergy Therapeutics Plc, a UK-based specialty pharmaceutical company, has paid €3.8 million in cash for Alerpharma SA of Spain in order to increase its presence on the Spanish market for allergy therapies where it already has a subsidiary.
Abivax SAS, which is developing a compound that inhibits HIV replication, has announced plans to raise €43.6 million in an initial public offering on the Paris Euronext exchange, a figure that could rise to €57.7 million if an overallotment option is exercised.
The Netherlands-based cell therapy company Kiadis Pharma BV is planning an initial public offering (IPO) of its shares on the Euronext stock exchanges in Amsterdam and Brussels to finance the clinical development of a cell therapy that helps reconstitute the immune system after a bone marrow transplant.
The antibody developer ArGEN-X NV has joined forces with the dermatology expert LEO Pharma A/S to investigate an antibody therapeutic for the treatment of inflammation-related skin diseases.
Merck Serono has extended its reproductive health franchise to include rights to three in vitro fertilization (IVF) products developed by Genea Biomedx Ltd of Australia. The financial terms of the collaboration were not disclosed.