AustriaAustria

Wrist slap for stem cell specialist

12.08.2011

Innsbruck – An Austrian physician has been fined EUR4,500 in a case involving a controversial stem cell therapy for incontinence. In early August, an Innsbruck Regional Court adjudged Hannes Strasser, who developed the method, at fault for false testimony and tampering with evidence. The urologist has promoted his concept at conferences since 2003.
The thera­peutic aim was to strengthen the muscle that keeps the urethra closed, thereby preventing bedwetting. In the disputed method, connective tissue and muscle from the upper arm were initially removed from patients, processed in the laboratory, and then inserted into the urethral sphincter. Nearly 400 patients were treated over the years. The problem is, the doctor apparently did not prove the use and safety of his treatment in clinical studies, nor did he have permission to carry out large Phase III tests. The prosecutor determined that only 21 of the patients were approved by an ethics commission.
A German patient filed suit in 2008 for a refund. In the subsequent case, the court has now considered it proven that the former senior physician made false statements and tampered with the evidence in a civil case. In an interview with Austrian broadcaster ORF, Strasser expressed disappointment at the verdict: “I’m annoyed that I have not been cleared completely.” The ruling, however, is not yet final. The case has been submitted for review to a higher regional court.

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16.12.2011

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Vienna – In Affiris they trust – as a proof of their faith, two big investors poured €25 million into the Austrian developer of a possible Alzheimer drug. Venture fonds Santo VC, the investment vehicle of the German billionaires...

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Innsbruck – Austrian specialist for so-called ugimeres, Ugichem GmbH, has landed fresh funding. Along with V+ GmbH and the Austrian Research Promotion Agency, Swiss private investors invested about EUR2m to develop the first...

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Vienna – Nabriva Therapeutics AG, an Austrian specialist for the development of novel antibiotics, has achieved proof-of-concept for its first product in a clinical Phase II study. Called BC-3781, the compound is used to treat...

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Vienna – Nabriva Therapeutics AG, an Austrian specialist for the development of novel antibiotics, has achieved proof-of-concept for its first product in a clinical Phase II study. Called BC-3781, the compound is used to treat...

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Vienna - f-star, an antibody specialist, today announced the closing of aEUR 15 Million financing. The investment was led by SR One, the corporate venture capital arm of GlaxoSmithKline. All of f-star’s existing investors, Atlas...

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Vienna – Apeiron Biologics has entered into an exclusive option with the Cleveland Clinic to license a number of novel compounds that are currently in development there. The drug candidates are designed to fight cancer by...

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