Amgen to Buy Micromet

27.01.2012

Thousand Oaks/Munich - Bling bling for blinatumomab. It is a compliment for the European life sciences scene and sad news at the same time. Amgen Inc., the world's largest biotechnology company, agreed to buy Micromet Inc., an antibody specialist with its research and development centre in Munich. The deal is worth EUR880m, with micromet's stockholders getting 8 dollars per share.

The treasure Amgen is after is blinatumomab, a bispecific antibody which is currently being tested against acute lymphoblastic leukaemia (ALL) and non-Hodgkin's lymphoma. In a Phase II trial published in June 2011, nine of 12 patients on blinatumomab reached complete remission from ALL. Other antibodies with the BITE-technology being evaluated in clinical studies comprise compounds against solid tumours, gastrointestinal cancer and prostate cancer. Micromet's market share has increased 23 percent in the past 12 months. The bispecific antibodies have gained some renown in the scientific community, too. Only two weeks ago Micromet entered into a development Agreement with the renowned US National Cancer Institute (more...)

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07.03.2012

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07.03.2012

Darmstadt – German pharmaceutical and chemical company Merck KGaA has set a downbeat tone for 2012. CEO Karl-Ludwig Kley said the recently launched cost-cutting programme and tough economic conditions will weigh on profits this...

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05.03.2012

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05.03.2012

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29.02.2012

Munich – Looking back with satisfaction and bent on a prize for good behaviour, German biopharmaceutical company Wilex AG reported yesterday on the fiscal year 2011 and outlined the shores in sight. The 2011 total revenue was...

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17.02.2012

Brussels – European cartilage researchers intensify their cooperation. The 'gristle network' comprises scientists from Belgium, France, Germany and Luxembourg. Its members plan to meet regularly to exchange views and information...

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20.01.2012

Martinsried - SHELTER is responsible for the fact that the stocks of 4SC behaved like a rodeo horse on Thursday. The shares rose in several stages up to 63%, only to settle at a mere 43% rise at the end of the day. SHELTER is a...

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17.01.2012

Ludwigshafen – BASF Plant Science GmbH, the agrochemistry and biotech arm of the world-largest chemistry company, thinks that it has outstayed its welcome in Europe. Over the next two years, most of the green biotechnology...

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10.01.2012

Munich - It is the accolade for Micromet. The German company, which is listed on the U.S. stock exchange, announced today that it has entered into a Cooperative Research and Development Agreement (CRADA) with the renowned US...

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