Finance, Grants, Deals

AstraZeneca elaborates its oncology plans

Country
United Kingdom

AstraZeneca Plc’s previously-announced plans to build its oncology portfolio has taken shape with the announcement of three projects: a review of technology to monitor tumour activity and work on therapies for prostate and pancreatic cancers.

Immunocore secures licensing deal with GSK

Country
United Kingdom

Privately-held Immunocore Ltd of the UK has secured its second major licensing deal in less than a month, this time with GlaxoSmithKline Plc to discover bi-specific biological drugs against multipl

OncoEthix raises $19 mln for oncology drug

Country
Switzerland

The privately-held Swiss biotechnology company OncoEthix SA has raised CHF 18 million ($19 million) from venture capitalists to progress its lead oncology compound into Phase 2 studies. The compound targets a class of bromodomain proteins.

Targeting hearing loss and schizophrenia

Country
United Kingdom

What do age-related hearing loss and schizophrenia have in common? Not much, on the face of it. However there is growing evidence that the two disorders may have a link through the dysfunction of certain ion channels in the central nervous system. Ion channels are membrane proteins that help convert chemical or mechanical messages into electrical signals in the cell.

Cardio3 BioSciences raises €23 mln in IPO

Country
Belgium

Cardio3 BioSciences SA of Belgium said that its previously announced European initial public offering of shares has raised €23 million from investors in Belgium, France, the UK, the Netherlands, Scandinavia and the US.

Valneva raises €40 mln in new capital

Country
France

Valneva, a company created from the merger of Intercell AG of Austria and Vivalis SA of France, has raised €40 million in a share placement in order to support future vaccine and antibody product development. The offer was oversubscribed.

Cancer vaccine project receives EU funds

Country
Germany

A project to develop biomarker-guided personalised vaccines for patients with glioblastoma has received €6 million in European Union funding under the Framework 7 programme. Immatics Biotechnologies GmbH is the coordinator.

Complix raises €12 million for proteins

Country
Belgium

For several years now scientists have been using computer science and advanced chemistry to produce experimental protein therapeutics that they say incorporate the best features of the small molecule drug and the antibody therapeutic. Bicycle Therapeutics Ltd of the UK is an example of this approach with its technology for structurally modified peptides.

AZ to invest up to $100 mln in new Karolinska centre

Country
United Kingdom

AstraZeneca Plc will invest up to $100 million over five years in its previously-announced collaboration the Karolinska Institutet in Sweden to create a new centre for research into cardiovascular and metabolic diseases.

Immunocore secures licensing deal with Roche

Country
United Kingdom

Privately-held Immunocore Ltd of the UK has secured a licencing deal with Genentech (Roche) to discover and develop therapies against multiple of cancer targets. The deal is potentially valued at more than $320 million.