DenmarkDenmark

Symphogen attracts investors

17.03.2006

Copenhagen - Symphogen A/S, a Danish company developing recombinant human polyclonal antibodies for the treatment of several human diseases, has raised Euro20.7 million in a Series D financing round. Participators were existing investors including Essex Woodlands Health Ventures (USA), Scandinavian Life Sciences (SLS) Venture, Novo A/S and Vaekstfonden together with Takeda Research Investment Inc. (TRI). The money is be used to carry out the first stage of clinical trials of Symphogen's lead candidate anti-RhD for the treatment of idiopathic thrombocytopenic purpura (ITP) and hemolytic disease of the newborn (HND).
Since May last year Symphogen has already co-operated for this product (sym001), consisting of 25 distinct antibodies, with the Swedish company Biovitrum AB to produce it according to GMP standards and in sufficient amounts to enter Phase I/II clinical trials.
Now this Danish-Swedish collaboration was expanded: Symphogen has signed a co-development and commercialization agreement with Biovitrum for sym001. Symphogen will receive an initial technology access fee from Biovitrum and milestone payments based on the progress of the programme. The developing costs will be shared equally.

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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