Apitope raises €12M for autoimmune work; Sanofi's new diabetes drug moves toward FDA nod;

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> The autoimmune biotech Apitope raised €12 million in a Series B financing. The round was led by new investor Wales Life Sciences Fund. Current investors Vesalius Biocapital, LRM, PMV and Wyvern also participated with the Wellcome Trust. Brenig Preest, Wales Life Sciences Fund, will join the Apitope board. Release

> Sanofi ($SNY) is one step closer to FDA approval for its answer to Novo Nordisk's ($NVO) blockbuster diabetes drug Victoza, as the agency has accepted its application for GLP-1 treatment lixisenatide. More

> Expanding its focus on immuno-oncology, Merck KGaA has appointed a chief medical officer for its U.S. operation, recruiting Joseph Leveque, a veteran of Bristol-Myers Squibb's ($BMY) cancer operation. News

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