Latest Headlines

Latest Headlines

Synerlab buys contract manufacturing developer Alcala Farma for undisclosed price

Synerlab, a French pharmaceutical manufacturer, has purchased Spain-based contract development and manufacturing company Alcala Farma for an undisclosed amount.

Wilex pitches financing plan to keep R&D going for another year

Wilex has pitched a funding plan to keep its R&D operation going for another 12 months. The aim is to round up enough money to advance an antibody-drug conjugate toward the clinic by supplementing €10 million ($10.6 million) from dievini Hopp BioTech with cash from other sources.

Euro VC veteran gathers €63M for Belgium-based life science fund

Belgian VC shop V-Bio Ventures has raised €63 million ($67 million) to invest in life science startups. The newly formed fund has a remit to back new and emerging biotechs from across Europe, but with strong ties to VIB, the Belgian research institute that spawned Ablynx, is likely to funnel a chunk of its cash into local companies.

AstraZeneca ratchets up tech capabilities of Cambridge R&D site

AstraZeneca has unveiled a clutch of deals to add to the technological capabilities of its new R&D hub in Cambridge, U.K. The agreements will equip the site with robots to carry out high-throughput screening, sound wave tools to dispense compounds and software to share data with external partners.

Samsung Bioepis biosimilar gets 'positive opinion' from European agency

South Korea's Samsung Bioepis said its biosimilar drug Benepali, used in the treatment of rheumatoid arthritis and other autoimmune diseases, has received a "positive opinion" from the European Medicines Agency's Committee for Medicinal Products for Human Use.

Samsung and Biogen verge on EU approval with an Enbrel biosimilar

Samsung Bioepis is months away from winning European clearance to market a copy of Amgen and Pfizer's blockbuster rheumatoid arthritis treatment Enbrel, securing a positive recommendation from EU regulators.

Biogen linked to $100M Israeli fund; Sofinnova founds biotech accelerator; Genfit plans IPO

In this week's EuroBiotech Report, Biogen and a key employee in the early years of Genentech are considering contributing cash to a $100 million (€93 million) VC fund. Former CEOs of Pfizer and Celgene are involved, too. And more.

Macrocure axes staff as PhIII flops take toll on prospects

Macrocure is hunkering down, laying off two-thirds of its staff and weighing up strategic alternatives as it seeks a way forward for the company. The actions follow a pair of Phase III flops that wiped 90% off Macrocure's share price and left its pipeline in tatters.

Meda dismisses fears links to Valeant will hinder M&A plan

Fallout from the scandal engulfing Valeant has hit Meda, which outlicensed the North American rights to a pair of dermatology drugs to the troubled specialty pharma company in 2011. But while Meda has acknowledged that the royalties it receives from Valeant are set to fall by 50%, management has dismissed the possibility of the decline holding back its M&A strategy.

Israeli biotech royalty in talks with Biogen about $100M VC fund

Biogen is in talks about contributing money to a $100 million (€93 million) Israeli biotech VC fund. The fund is being set up by Yuval Cabilly, the son of a scientist who invented technology used by a laundry list of blockbuster biologics during his time working with Genentech.