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A new name and a fresh start

07.03.2012

Amsterdam Molecular Therapeutics has announced a financial manoeuvre aimed at getting the biotech out of a hopeless situation. The assets and – more importantly – the liabilities of the drug developer will be acquired by a newly formed private company, uniQure BV, which is also based in Amsterdam. AMT will be delisted, and will cease to exist as a legal entity. uniQure will pay for the transition with unlisted depositary receipts, which may be exchangeable for uniQure shares. “We believe the proposed transaction will ensure the future of AMT following the failure to gain approval of Glybera in 2011, given the very limited options available to us,” said Jörn Aldag, CEO of AMT. “The transaction offers the only viable way to secure a capital injection,” said Aldag. “We ultimately believe that (it) offers the renewed possibility of a meaningful exit for our shareholders, allowing them to benefit from the potential future upside in the business, including the possible outcome of the reconsideration by CHMP of Glybera.” After absorbing AMT, uniQure has been promised additional equity funding of €7m, including €6m from Forbion Capital managed funds together with a1m in additional new financing that is to be secured by AMT prior to completion.

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01.09.2011

New York - US-American investment firm OrbiMed announced the closing of a new fund for life science companies in the health sector. The fund acquires healthcare royalty streams and provides structured debt capital to healthcare...

BeNeLuxBelgiumNetherlandsLuxembourg

31.08.2011

Leiden/Stockholm – Dutch Pharming Group NV and Swedish specialist for rare diseases Orphan Biovitrum AB, have launched their recombinant C1 inhibitor Ruconest® in the Netherlands. The launch of the treatment for patients...

BeNeLuxBelgiumNetherlandsLuxembourg

22.08.2011

Leuven – ThromboGenics NV presented promising results of its Ocriplasmin Phase III clinical program at the Annual Meeting of the American Society of Retina Specialists (ASRS). „We remain on track to make regulatory filings for...

BeNeLuxBelgiumNetherlandsLuxembourg

18.08.2011

Liège – A Belgian research team from the University of Liège’s GIGA-Research centre has discovered an unexpected mode of action for the vaccine adjuvant alum. The team discovered that when a vaccine containing alum is injected...

BeNeLuxBelgiumNetherlandsLuxembourg

16.08.2011

Amsterdam – Dutch molecular diagnostics specialist Agendia B.V. postponed its initial public offering in June because of volatile market conditions, revealing that the financing environment for bio­tech firms remains tough....

BeNeLuxBelgiumNetherlandsLuxembourg

11.07.2011

Dutch gene therapy specialist Amsterdam Molecular Therapeutics BV (AMT) has filed a re-examination request for its lead product Glybera. At the end of June, EMA's CHMP recommended against approval of the product to treat...

BeNeLuxBelgiumNetherlandsLuxembourg

12.06.2011

Ghent – The Flanders Institute for Biotechnology VIB will receive EUR3m from the European Commission for the recruitment and training of promising international scientists in the life sciences. This will allow VIB to further...

BeNeLuxBelgiumNetherlandsLuxembourg

12.06.2011

Brussels – Belgian specialist for regenerative medicine TiGenix NV has raised EUR15.2m through the sale of 15.2 million shares at EUR1/share in a rights issue. Existing shareholders, who were eligible to purchase one share for...

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