FranceFrance

BioAlliance Pharma in-licenses new pipeline project

14.08.2008

France
Paris – BioAlliancePharma has filled its early-stage pipeline with Odansentron. The 5-HT3 compound is already marketed as a tablet, and now BioAlliance is planning to develop it as a mouth spray. “This fits well into our strategy to expand our presence in supportive care for oncology patients, and to focus on patient convenience,” company CEO Dominique Constantini told EuroBiotechNews. BioAlliance paid US$3m for the European rights for the Odansentron spray in advance to US-based NovaDel Pharma Inc. The out-licensor is also eligible for milestones potentially amounting to US$24m. Bio­Alliance’s responsibility will be to bring the product to market in Europe. In the US, NovaDel’s partner Par Pharmaceutical is responsible for the clinical development and the US registration. BioAlliance will use these documents for the European application. Par and BioAlliance are already cooperating on Loramyc, which is a novel miconazole lozenge-formulation against oral candidiasis.
The Euronext-listed BioAlliance focuses on specialty pharma products sold in the hospital. The company launched Loramyc last year in cooperation with Dutch Spe-pharm in Europe. Bio­Alliance is running two Phase III trials with Acyclovir, a tablet against labial herpes, and with a new formulation of Doxorubicin. To overcome resistance issues, the approved chemotherapeutic was formulated with nanoparticles and masked by sugar residues. BioAlliance pharma has EUR56m in the bank, and is currently burning almost EUR20m per year. In 2012, the company aims to have four products on the market.

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28.03.2012

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Lyon – The sale of 1.6 million shares brought in €25.3m for French Adocia SAS during its IPO on the Euronext Paris. The price of €15.88 values the diabetes specialist at €96.1m at the upper end of the bookbuilding range. Late...

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05.03.2012

Pointing to a new study on Syngenta’s GM maize Bt11, France’s Environment Ministry has asked the European Commission to suspend authorisation for the use of the MON810 maize sold by US agri­biotech giant Monsanto as well. The...

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Cambridge - Genzyme will shut the doors at its Cambridge R&D site by the end of the year, with up to 60 employees expected to lose their jobs. The move is part of an ongoing global restructuring of R&D by Sanofi, who purchased...

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Lille – Shares of the French diabetes specialist Genfit S.A. almost doubled when the company published results of its Phase II study with the PPAR alpha and delta modulator GFT505. The compound has met the co-primary and...

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06.02.2012

Shares of the French diabetes specialist almost doubled when the companypublished results of its Phase II study with the PPAR alpha and deltamodulator GFT505. The compound has met the co-primary and secondaryendpoints while...

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02.02.2012

Bagneux - DBV Technologies is planning an IPO on Euronext Paris. The French pharmaceutical group specialising in the treatment of allergies was founded in 2002. DBV's proprietary technology Viaskin is used to administer an...

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12.01.2012

Berlin/Paris – Sanofi Pasteur has licensed a yeast strain from German Organobalance to produce vaccines. With the deal, the vaccines division of the French drugmaker will gain exclusive access to a modified strain of...

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