News

ProFibrix raises €8 million in Series B round

Country
Netherlands

ProFibrix BV of the Netherlands has raised €8 million in a Series B round enabling it to carry forward plans to seek FDA authorisation for a combined Phase 2/3 trial in the US of its candidate tissue sealant for use in surgery or trauma injury, Fibrocaps.

Elan responds to US court ruling on J&J collaboration

Country
Ireland

Elan Corporation Plc said that it will work quickly to resolve objections by a US court to its proposed strategic alliance with Johnson & Johnson that would recapitalise the company and give it the resources to commercialise its pipeline.

Bid to take Celsis International private becomes unconditional

Country
United Kingdom

An investor in Celsis International Plc is on the verge of success in acquiring the drug toxicity detection company whose shares are listed on the London Stock Exchange. The investor is North Atlantic Value LLP (NAVLLP), part of the JO Hambro Capital Management Group.

Shire says FDA approves attention-deficit disorder treatment

Country
United Kingdom

Shire Plc said that it has received approval from the US Food and Drug Administration to market its treatment for children and adolescents with attention-deficit, hyperactivity disorder (ADHD), strengthening its franchise in this area.

Algeta to receive $61 million upfront for cancer drug

Country
Norway

Algeta ASA is to receive $61 million upfront from Bayer Schering Pharma AG in a deal worth up to $800 million to develop and commercialise a radiopharmaceutical for bone metastases in patients with hormone-refractory prostate cancer.

Pharming submits new application to the EMEA for Rhucin

Country
Netherlands

Pharming Group NV said that it has submitted a new marketing authorisation application for its recombinant human C1 inhibitor, Rhucin, to the European Medicines Agency which addresses the agency’s concerns about the size of its database.