DenmarkDenmark

EUR 1,2 billion for vaccine deliver

09.07.2007

Kvistgard – The U.S. Department of Health and Human Services has awarded a contract to the Danish-German company Bavarian Nordic A/S for the manufacture and delivery of 20 million doses of the company’s third-generation Modifed Virus Ankara (MVA) smallpox vaccine Imvamune for the US’s Strategic National Stockpile.
The overall deal, including options within the contract, is valued a1,2 billion of which the base contract comprises a370 million. Alongside the delivery of 20 million doses, the money is earmarked in part for investment in further research and development of the vaccine, which will fulfil requirements for a potential use of the vaccine during an emergency case. The money will also be used to fund non-clinical and clinical studies that are necessary for Bavarian Nordic to receive a FDA registration for Imvamune as a vaccine for healthy people. A sum of a820 million is included in the optional part of the contract which is intended to support further clinical studies for the extension of Imvamune’s license to include people infected with HIV, children and the elderly, as well as to procure of up to 60 million additional doses of Imvamune. Bavarian Nordic now hopes, the US contract will pave the way for further deals with other governments.

DenmarkDenmark

19.08.2011

Bagsværd – Net profit at Denmark’s Novo Nordisk A/S ballooned in the first six months of 2011, and the firm has raised guidance for the full year results. Sales rose by 9%, from DKK29.1bn to DKK31.7bn, while reported net profit...

DenmarkDenmark

15.08.2011

Copenhagen – Driven by strong sales, Danish drugmaker Lundbeck A/S reported hefty QII/2011 profits, and says it is now expecting full-year results at the upper end of its guided range. Operating profit rose to DKK1.1bn in the...

DenmarkDenmark

12.08.2011

Copenhagen - All is well in Denmark - for now. Danish Drugmaker Lundbeck reported excellent profits in the second quarter but announced its intention to prepare for deep cuts in research. 175 jobs in Denmark and the US (12.5% of...

DenmarkDenmark

06.06.2011

Kvistgaard – Bavarian Nordic A/S of Denmark has raised DKK698m (EUR94m)through a rights issue to fund development of its prostate cancer vaccine Prostvac. A total of 12.9 million shares were sold at DKK54. The company announced...

DenmarkDenmark

12.04.2011

Kvistgaard – Net loss at Danish biopharmaceutical company Bavarian Nordic A/S increased to DKK390m from DKK266m in the previous year, even though revenue grew to DKK314m, up from DKK75m in 2009. Bavarian Nordic’s lead product is...

DenmarkDenmark

09.04.2011

Copenhagen – Despite recent setbacks, Danish TopoTarget A/S still has hopes for its histone deacetylase (HDAc) blocker belinostat (PXD01). The cytotoxic compound for treating lymphoma and solid tumours has failed to show...

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