GermanyGermany

New trials may change modest mood at Merck KGaA

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 year. Nevertheless, stock holders can expect a higher dividend this year. The German conglomerate expects a slight rise in revenues and sales this year. Merck faces price cuts in its business with the liquid crystals that are used such as in TV screens. However, the most pressure lies on the pharma business after potential blockbusters like the MS pill cladribine or the Parkinson treatment safinamide failed during the approval process. Merck recently licensed a cancer drug from Threshold Pharmaceuticals Inc. in a potential multi-million dollar deal. Even in the light of the announced cost-cutting, Kley said he will stick to the company's present licensing strategy. However, he denied that major acquisitions are likely to happen this year. The modest mood at Merck may turn if the company's drug candidates perform well in running clinical trials. In 2012 and 2013, the Darmstadt-based conglomerate expects a string of data: A phase III study of Erbitux in adjuvant colon cancer in the second quarter 2012 and in gastric cancer. The peptide Cilengitide could prove itself in phase III as a treatment for brain cancer in the first half of 2013. The most interesting substance in the pipeline is Stimuvax, a vaccine to treat lung cancer. Phase III results are expected in 2013. Finally, phase II data from ONO-4641 in multiple sclerosis and of Atacicept in rheumatoid arthritis could bring good news in 2012.

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07.03.2012

The first of February marked a milestone for Leverkusen-based Bio­frontera AG in more ways than one. It was the first day that Ameluz, the firm’s first approved product, could be sold in German pharmacies. It was also the date...

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05.03.2012

Mainz/Leuna – Two biotech concepts were amongst the winners of the recent third round of the Excellence Cluster initiative, which is funded by the German Ministry for Research. In Mainz the champagne corks popped especially loud...

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05.03.2012

German Merck KGaA has closed a licencing agreement with US-based Threshold Pharmaceuticals Inc. The cooperation centres around the hypoxia­-activated drug TH-302, which is currently being studied in a global Phase III study....

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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...

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...

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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...

GermanyGermany

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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