News

Researchers from the University of Aberdeen have called attention to a possible new link between Alzheimer’s disease and diabetes in a study published in the journal Diabetologia. 

Verona Pharmaceuticals Plc, which is developing products for respiratory diseases, has made arrangements to raise £44.7 million with an equity placement sweetened with warrants. The proceeds will be used for a Phase 2b trial of its lead product RPL554 for chronic obstructive pulmonary disease.

The share price of Circassia Pharmaceuticals Plc fell by 64.85% to 95 pence in mid-morning trading on 20 June following the announcement that its phase-3 trial of its cat allergy drug failed to meet its primary endpoint.

Woodford Investment Management LLP has raised its stake in Imperial Innovations Group to 21% making it the group’s second most significant investor behind Invesco Asset Management.

Medical device company Mainstay Medical International Plc has raised €30 million in a share placement to new and existing investors to commercialise its implantable neurostimulation device for back pain in Europe and complete a trial for a US regulatory submission.

Sweden-based Medivir AB has engaged professional advisors to investigate the possibility of reorganising the company into two independent businesses in order to deliver more value to shareholders. The announcement was made to the Nasdaq Stockholm stock exchange on 15 June.

Allecra Therapeutics, a three-year old biotech company co-located in Germany and France, has raised €22 million in a Series B investment round to finance the development of an antibiotic combination therapy designed to treat Gram-negative bacteria.

Gilde Healthcare Partners BV has raised €250 million for its fourth life science fund that targets investments in medical devices, digital health technology and therapeutics in Europe and North America. Koninklijke Philips NV acted as a cornerstone investor.

The European Medicines Agency has agreed to give an accelerated review of a gene therapy being developed by Kite Pharma Inc that promises to improve the standard of care for patients with diffuse large B-cell lymphoma (DLBCL), a type of blood cancer.

A Phase 1 study of 18 patients with severe osteoarthritis of the knee has shown that a single injection of stem cells derived from the patients’ own adipose tissue was safe and appeared to offer relief from pain.