DenmarkDenmark

Nuevolution wins Boehringer Ingelheim as licensee

01.10.2011

Copenhagen/Ingelheim – Danish HTS expert Nuevolution A/S has signed a license agreement with drugmaker Boeh­ringer Ingelheim (BI). The German pharma company will use Nuevolution’s proprietary Chemetics drug discovery technology to screen hundreds of millions of diverse small molecules in an attempt to discover and advance drug candidates against drug targets of interest. Under the terms of the agreement, Nuevolution is eligible to receive an upfront payment, research funding, milestone payments and royalties as candidate molecules progress through preclinical and clinical development and onto the market. More financial details were not disclosed.
According to Nuevolution, Chemetics represents a “convergent” fragment-based lead discovery technology that works using proven wet chemistry and molecular biology methods that allow for rapid synthesis and selection of ligands from billions of drug-like compounds. The firm claims that the technology harnesses the best aspects of high-throughput screening and fragment-based screening. To date, Nu­evolution has raised a37m in venture capital based on the ongoing development of its proprietary technology. Investors include Novo A/S, SLS Invest, SEB Venture and SunStone Capital.

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...

DenmarkDenmark

16.11.2010

Vedback – Danish biotech company Exiqon A/S has reported data showing a significant shortening of progression-free survival in 130 stage II colon patients expressing high levels of microRNA21 (miR-21) in stromal cells surrounding...

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