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Europe

Latest Headlines

Latest Headlines

Report: U.K. academic R&D alliances are expensive but worth it

A report commissioned by the United Kingdom government has found data to corroborate a widely held belief: R&D collaborations with British universities are expensive. Yet with such institutions performing world-class science--and tax breaks and funding schemes offsetting the upfront costs--Big Pharma is lining up to strike deals. Just ask Pfizer.

Israeli biotechs scoop $209M as Nasdaq ATM keeps pumping out dollars

A trio of Israeli biotechs have bagged $209 million (€192 million) through share offerings on Nasdaq. Chiasma led the way with a $101.8 million IPO, trailed by follow-on offerings by NeuroDerm and RedHill Biopharma that pulled in $66.9 million and $40 million, respectively.

Kelly Martin's Malin looks to lure biotechs to Ireland as initial investment spree nears end

Having committed €73 million ($79 million) to Immunocore's huge fundraising round, Kelly Martin's Malin has now nearly doled out the first tranche of the money it raised in its IPO. And as such the focus at Malin is shifting to helping its portfolio companies to grow, a process that will entail talking up the merits of setting up shop in Ireland.

UPDATED: Amgen beats Regeneron, Sanofi to world's first big PCSK9 drug OK

Amgen may be running a beat or two behind Regeneron and Sanofi in search of the first FDA approval for a PCSK9 drug, but the Big Biotech scooped up the very first approval in Europe today for Repatha (evolocumab), giving the company boasting rights as first mover in what is widely seen as a new blockbuster market in the making.

DBV files to raise $245M; Imperial Innovations lands £50M loan; Pfizer backs Autifony round

In this week's EuroBiotech Report, Imperial Innovations snagged a £50 million ($78 million) loan from the European Investment Bank and chipped in to an £8 million Series A extension at Autifony. Securing the loan facility brings the amount Imperial Innovations has tapped EIB for since July 2013 up to £80 million, a sum that is contributing to an acceleration of its investment plans. And more.

DBV files to raise $245M to fuel race for peanut allergy market

DBV Technologies has filed for a $245 million (€224 million) share offering. Almost 40% of the mighty sum is earmarked for development of treatments for milk and peanut allergies, which the French biotech is trying to hustle to market ahead of its rivals' competitors.

Pfizer, SV give GSK spinout money to expand into schizophrenia research

Autifony Therapeutics has returned to its investors for £8 million ($12 million) to fund a broadening of its R&D ambitions. The company, which spun out of GlaxoSmithKline with an age-related hearing loss program in 2011, is now going after schizophrenia.

AC Immune snags milestone as Genentech picks Alzheimer's asset to advance to clinic

AC Immune has picked up a milestone payment in its CHF 400 million ($421 million) anti-tau collaboration with Genentech. The Roche subsidiary handed over the cash after selecting a tau-targeting antibody developed in the collaboration to advance toward the clinic.

U.K. puts Cambridge at the heart of £50M precision medicine program

The United Kingdom has put Cambridge at the heart of its £50 million ($78 million) push into precision medicines. Cambridge is to host the headquarters of the precision medicine network, from which a team will coordinate regional centers to support the advance of targeted therapies through the clinic and into real-world use.

EU bank funnels £50M into Imperial Innovations as investment plan accelerates

Imperial Innovations has returned to the European Investment Bank for cash, signing off on a £50 million ($78 million) loan just two years after it tapped the same source for £30 million. The need to double-dip in the EIB funding font arose after Imperial Innovations stepped up its rate of investment.