Shire Plc has agreed to pay up to $825 million for an experimental drug for the prevention and reduction of scarring in connection with surgery. The licensing agreement, with Renovo Group Plc, would give Shire exclusive rights to market the drug, called Juvista, in every country except the member states of the European Union.
There are a growing number of instances where charitable organisations can provide money to profit-making companies and still demonstrate that they are working in the public interest, according Richard Seabrook, head of business development at the Wellcome Trust.
Amsterdam Molecular Therapeutics AMT Holding NV, which develops gene-based therapies for orphan diseases, raised €50 million in an initial public offering on the Euronext Amsterdam stock exchange.
Amsterdam Molecular Therapeutics (AMT) Holding NV, which develops gene-based therapies for orphan diseases, expects to raise around €45 million in an initial public offering on the Eurolist-by-Euronext section of the Euronext Amsterdam Stock Exchange.
One advantage of a stock exchange listing is that it raises a company’s profile and makes it easier for it to raise further capital. This adage seems to be borne out by the annual biotechnology review of the accounting firm, Ernst & Young.
The world’s largest developer of candidate vaccines for acquired immune deficiency syndrome (AIDS) plans to set up a new fund to locate and develop new ideas relating to vaccines. Details were to be announced by the end of June.