A new oncolytic virus therapy that is intended to treat solid tumours is poised to enter clinical development triggering a $15 million milestone payment from Bristol-Myers Squibb Co to the developer PsiOxus Therapeutics Ltd of Oxford, UK.
NorthSea Therapeutics BV, a Dutch company established in November 2017 to exploit a licence for a NASH treatment called icosabutate, has raised €25 million in a Series A equity financing that will allow the company to run a critical Phase 2b, proof-of-concept study of the drug by the end of 2018.
Netherlands-based LSP (Life Sciences Partners) has raised €280 million in the first and final closing of a new medical technology fund that will invest in companies developing medical devices, diagnostics and applications for digital health.
Hookipa Biotech AG has raised €50 million in an oversubscribed Series C financing to support the clinical development of vaccines for infectious diseases and cancer. The round was led by an undisclosed US public investment fund.
Belgium-based Aelin Therapeutics has received €27 million in Series A financing from a syndicate of investors to develop a new class of antibiotics against human targets that thus far have been undruggable. The company is a spin-out of the VIB research institute.
The French specialist pharma company Advicenne Pharma SA raised €27 million in an initial public offering (IPO) of its shares on the Paris Euronext exchange on 4 December to advance its pipeline of drugs for orphan renal and neurological diseases.
GW Pharmaceuticals Plc said it intends to issue $225 million worth of its shares on the US Nasdaq market subject to market conditions and investor appetite.
Siemens AG plans to list its healthcare imaging and diagnostics business, Siemens Healthineers, on the Frankfurt Stock Exchange during the first half of 2018, Europe’s largest industrial manufacturing company said on 29 November.
AstraZeneca Plc has entered into a partnership with the Chinese-government backed Future Industry Investment Fund (FIIF) to create a stand-alone, joint venture company called Dizal Pharmaceutical that will develop and commercialise new medicines in China.
What will it take to build an integrated capital market in Europe? This question engaged executives at a BioEurope conference in Berlin on 6 to 8 November. The answer was both short and sweet, and long and complex.