Baltic Countries

Genome Project Lacks Funding

05.03.2004

Tallinn - The ambitious Estonian Genome Project (EGP) may have to find new financiers to continue operations. In the course of disagreements over the project's priorities the US-investor EGeen International Corp. has withheld the funding for the next round. The Estonian Government reacted with a financial aid of some Euro255,590 in late January (EuroBiotechNews 1/04).
While EGeen, a biotechnology company founded for the commercial use of the EGP data, makes further funding conditional upon a narrowed research focus on diabetes, heart diseases and rheumatoid arthritis, the EGP's initiators refer to the idea behind the gene bank. As declared in the Estonian government's Human Genes Research Act in 2000 the EGP aims to compile a broad genetic database of the Estonian population. It has however also focused on diabetes or hypertension. Under the terms of the public-private partnership between EGeen and the EGP Foundation the latter is the owner of the database, while EGeen, the exclusive commercial licensee of the database, finances the project. So far Euro3.5 million have flown into the EGP's budget.
”EGeen and the foundation are working on the project's development plan for 2004 and beyond” said EGeen's CEO Kalev Kask to EuroBiotechNews. Should EGeen however insist on the norrowed research focus, the foundation will re-consider the existing contract and the company's exclusive rights. Negotiations with other investors are already under way, in particular with the Estonian government and the British charity Welcome Trust. The foundation plans to co-operate with similar gene bank projects in the UK, Canada and Finland.

Baltic Countries

11.07.2007

Riga – In mid June, LSC Grindeks unveiled a new a4.5 million cGMP and GLP compliant laboratory for scale-up procedures and industrial analytics – the only lab of this kind in the Baltic States, says the company. “The development...

Baltic Countries

16.03.2007

Riga/Olaine – Two of the largest Latvian pharmaceutical companies began the year with significant transformations. Riga-based pharmaceutical manufacturer JSC Grindeks has reacted to the good sales in Russia and other ex-Soviet...

Baltic Countries

16.03.2007

Zagreb – The Croatian Health Minister, Neven Ljubicic, has set up a commission to advise hospitals about the merits of doctors attending conventions and professional symposia. Participation at scientific meetings is often...

Baltic Countries

21.11.2006

Riga – The recently established Latvian Biotechnology Association has as its main aim the promotion of the development of biotechnology in Latvia through the clustering of academia, governmental bodies and industry in joint...

Baltic Countries

21.11.2006

On first sight everything seems rather small in the Baltic country of Latvia: It has 1.4 million citizens, about 8,000 students and only 5 universities. However, there is another face to the the Republic of Latvia: it produced...

Baltic Countries

16.09.2006

Tartu – The Archimedes Foundation has launched the Scanbalt Project ‘Boosting Baltic FP7’. Like its predecessor, the project aims to increase awareness of FP7 programs and related knowledge for National Contact Points (NCPs) and...

Baltic Countries

21.07.2006

Vilnius – Lithuania’s only biotech drug manufacturer, Sicor Biotech, is applying for the largest amount of EU structural fund support within the ‘direct support to research’ group.The invitation for tenders under the measure...

Baltic Countries

17.03.2006

Tartu - Tartu University and one of the leading Estonian molecular diagnostic companies, Quattromed AS, submitted a provisional patent application in the US to protect a technology that significantly accelerates the production...

Baltic Countries

17.03.2006

Vilnius - The Lithuanian Innovation Centre (LIC), a Member of ScanBalt, has celebrated its 10th anniversary in February. The non-profit organization provides services to enterprises, research institutions, government and business...

Baltic Countries

17.03.2006

Tallinn - The objective of the ScanBalt Intellectual Property Knowledge Network (IPKN) workshop to be held on March 30-31, 2006, in Tallinn, is to facilitate regional cooperation and coordination of research and education in the...

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