GermanyGermany

Successful path-finders takes home European Biotechnica Award

03.11.2010

A Hanover – Belgian target discovery specialist Galapagos Genomics NV has bagged Europe’s biggest prize for a biotech company. On the evening prior to the opening of the Biotechnica congress-fair in Hanover (October 5th-7th), Galapagos CEO Onno van de Stolpe and the company’s Senior VP for Corporate Development Andre Hoekema received the a 30,000 cash prize from Lower Saxony’s Economics Minister Jörg Bode, along with the lion’s share of EUR75,000 in awards granted by Deutsche Messe AG. The two other finalists – Austrian drug developer Apeiron AG (Vienna) and Swiss CNS specialist Addex Pharmaceuticals SA (Plan-Les-Ouates) – received non-cash prizes.
“Galapagos offers a remarkable combination of scientific know-how in a variety of indications and economic success through partnerships with eight major pharmaceutical companies,” said Rolf Werner, the deputy chair of the international Biotechnica jury panel from Boeh­ringer Ingelheim who headed up the awards ceremony. In fact, Galapagos’ potential risk-adjusted milestones currently total more than EUR 3.3bn, based on 8 pharma partnerships with GSK (EUR 419m in arthritis + anti-infectives), Janssen Pharmaceuticals (EUR1bn, rheumatoid arthritis), Merck & Co. (EUR592m, metabolic + inflammation indication), Roche (EUR 550m, COPD), Servier (EUR 300m, osteoarthritis) and Lilly (EUR275m, osteoporosis) plus royalties and sales milestones. Today, the company’s development pipeline comprises six of its own clinical programmes, as well as 50 others in the pre-clinical stage.
Ten years after its foundation in 1999, Galapagos has grown into one of the largest bio­pharmaceutical companies in Europe, with 2009 revenues of EUR 106m and R&D investment of a 60m. Begun as a joint venture between Crucell NV and Tibotec NV, Galapagos relied from the very beginning on a hybrid business model that combined internal functional target-screening programmes with a service business that had a record year in the identification of novel targets and first-in-class small molecule and biological drugs.
This year, 9,500 visitors and 500 exhibitors from 23 countries attended the Biotechnica, fewer than came to the last comparable congress-fair in 2008 (11,000 visitors, 535 exhibitors). However, Deutsche Messe AG CEO Stephan Kühne said the event was a success if you consider the current economic climate in the sector.

GermanyGermany

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...

GermanyGermany

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...

GermanyGermany

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...

GermanyGermany

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....

GermanyGermany

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...

GermanyGermany

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...

GermanyGermany

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...

GermanyGermany

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...

Displaying results 1 to 10 out of 454

1-10 Next >

© 2007-2014 BIOCOM

http://www.european-biotechnology-news.com/nc/news/messages-archive/archive-germany/article/successful-path-finders-takes-home-european-biotechnica-award.html

Product of the week

Products

Events

All Events

Current issue

All issues