News

UCB narrows research focus and eliminates jobs

Belgium’s UCB SA is reducing its global workforce by 17% and narrowing its research focus following a drop in revenue and profits in the first half of 2008 and the upcoming loss of US patent protection for one of its main drugs, Keppra (levetiracetam), a treatment for epilepsy.

Genmab plans BLA filing this year

Genmab A/S plans to file a biologic license application  (BLA) this year with the US Food and Drug Administration for its lead product, ofatumumab, a fully human monoclonal antibody.

Ark Therapeutics reports clinical progress for gene-therapy products

In a business update, issued on 27 August 2008, Ark Therapeutics Group Plc, the UK specialist healthcare group, reported progress across all of the main areas of its business, including the clinical development of its novel gene-based therapies. Its most advanced therapy, Cerepro (sitimagene ceradenovec), for brain cancer, is ending a Phase 3 trial. On 30 July, Ark announced that the study had reached its primary endpoint.

Galapagos NV acquires drug discovery assets

Belgium’s Galapagos NV has acquired assets in the field of drug discovery from Sareum Holdings Plc which will enable it to quickly identify promising new small molecule drugs. The acquisition, for £553,000, will give Galapagos all of Sareum’s contracts relating to structure-based drug discovery.

Diamyd sees other uses for its diabetes gene

Diamyd Medical AB, a Swedish specialist in autoimmune diabetes, said that a gene it is investigating to treat Type 1 diabetes may also be used for advanced Parkinson’s disease and possibly other neurological conditions.

Pharmexa expects to conclude merger talks by end of 2008

Pharmexa A/S, the Danish therapeutic vaccine developer, said it expects to conclude discussions about a possible merger by the end of 2008. This follows months of restructuring, including paring back clinical development programmes, in order to conserve cash.

ProStrakan reports higher turnover and higher loss

The ProStrakan Group Plc, the Scottish speciality pharmaceutical company, reported a 26% rise in turnover for the six-months ended 30 June 2008 to £26.4 million from £20.9 million a year earlier but its loss widened, partly as the result of an impairment charge.