AstraZeneca Plc is to make an undisclosed up-front cash payment to PTC Therapeutics Inc for access to technology that regulates the rate and timing of protein production in the cell. The goal is to discover new small molecule drugs for cancer.
Ablynx NV is set to receive a €5 million milestone payment from Boehringer Ingelheim following the German company’s decision to progress an antibody-derived therapeutic protein for Alzheimer’s disease into late preclinical development.
Evotec AG and the Roche group have announced a three-year collaboration to discover biomarkers that could be used to predict the dosage and efficacy of targeted oncology drugs under development at the Swiss multinational.
AstraZeneca Plc is to sell its Swedish-based dental and healthcare businesses to Dentsply Ltd of the UK for about $1.8 billion in cash. The unit, Astra Tech, specialises in dental implants and medical devices for urology and surgery.
Privately-owned Axxam Spa of Milan, Italy has received funding from the US Alzheimer’s Drug Discovery Foundation to discover new small molecule drugs for Alzheimer’s disease that block the puringeric receptor, P2X7. The size of the grant was not disclosed.
A France-based medical imaging company, Mauna Kea Technologies, has announced plans to make an initial public offering of its shares on NYSE Euronext in Paris with the goal of raising about €38.9 million.
Concert Pharmaceuticals Inc is set to receive a $4 million milestone from GlaxoSmithKline Plc in connection with the selection of a lead HIV protease inhibitor for clinical development. The candidate drug will enter efficacy studies in 2012.
ReNeuron Group Plc has upgraded its collaboration with the Schepens Eye Research Institute in the US with the signing of a patent and licensing deal giving it rights to develop and commercialise human retinal precursor cells (hRPCs).
Zealand Pharma A/S of Denmark has reached an agreement with Boehringer Ingelheim GmbH of Germany to develop dual-acting glucagon and glucagon-like peptide 1 receptor agonists for the treatment of Type 2 diabetes and obesity.
Qiagen NV, the Netherlands-based holding company for the German diagnostics company of the same name, is offering to buy Ipsogen SA of France in two stages for approximately €70 million starting with the purchase of a 47% stake.