Evotec AG is paying €10.25 million in cash upfront to acquire the US compound management business of Galápagos NV in a move that will substantially increase its ability to help third parties develop and manage their compound libraries.
TiGenix NV of Belgium has raised €15.2 million in a rights issue, putting the finishing touches on a merger with Cellerix SA of Spain to create a new, larger company focused on cell-based therapeutics. The issue was fully subscribed.
Shield Therapeutics, a Switzerland-based speciality pharmaceutical company, has raised €8.2 million in a Series A financing round from Inventages Venture Capital in order to help fund the late-stage development of a product for anaemia.
Heptares Therapeutics Ltd has reached an agreement with AstraZeneca Plc to explore a number of G-protein coupled receptors (GPCR) as possible targets for new drugs – its third discovery partnership since April.
Paion AG is set to receive $3 million from Ono Pharmaceutical Co Ltd of Japan for the start of a Japanese Phase 2 study of its short-acting sedative, remimazolam. The payment brings total milestones for the project up to $4 million.
MediGene AG has entered into a collaboration with the Johns Hopkins University in Baltimore, US to test candidate vaccines against the human papillomaviruses using an adeno-associated virus platform. Financial terms were not disclosed.
BioAlliance Pharma SA has announced a change in leadership with the appointment of Judith Greciet as chief executive officer. She will succeed the company’s co-founder and chief executive, Dominique Costantini, from 29 June 2011.
The US Food and Drug Administration has approved a new antibacterial for the treatment of diarrhoea associated with Clostridium difficile in adults 18 years and older, according to the drug’s manufacturer, Optimer Pharmaceuticals Inc.
Cancer Research UK has entered an agreement with Centella Therapeutics Inc of the US to develop a preclinical drug candidatate that is designed to be used in combination with radiotherapy and chemotherapy to treat solid tumours.
Intercell AG is recalling batch JEV09L37 its Japanese encephalitis vaccine, Ixiaro, because it is less potent than expected. At a result, the CHMP committee of the European Medicines Agency recommended revaccination with a different batch.