NorwayNorway

Diagenic – drumming up diagnostics cash

04.11.2010

Oslo – Norwegian diagnostic specialist DiaGenic ASA has raised NOK70m (EUR 8.5m) through the sale of 140 million shares at NOK0.50 per share in a private placement to new and existing investors. DnB NOR Markets acted as manager for the placement. Dia­Genic is also planning a subsequent offering to raise up to NOK30m (EUR  3.7m) through the sale of 60 million shares at NOK0.50 to shareholders who did not participate in the private placement. The purpose of the capital increase is to finance operating costs and secure financial resources to achieve key milestones towards cash-flow break-even, which the company says is expected in the second half of 2012. DiaGenic develops new methods for the early detection of diseases, and calls itself a world leader in analysing gene expression signatures related to disease in clinical samples such as peripheral blood. The Norwegian firm has developed and CE marked two blood-based diagnostic tests: the BCtect for early breast cancer detection and the ADtect for early detection of Alzheimer’s Disease. DiaGenic promotes and markets its products to leading pharmaceutical and imaging companies, as well as clinicians.

NorwayNorway

05.04.2011

Oslo – Norwegian Algeta ASA has entered a research collaboration with Genzyme to evaluate the potential of its Thorium platform Under the terms of the agreement, Genzyme will provide access to a novel tumour-targeting antibody,...

NorwayNorway

05.04.2011

Trondheim – Norway-based APIM Therapeutics AS has received a follow-up investment from Sarsia Seed, one of its previous investors. APIM focusses on novel drug candidates that potentiate the action of current chemo­therapeutics to...

NorwayNorway

03.11.2010

Oslo – The Oslo Cancer Cluster and the Shanghai Institute of Materia Medica (SIMM), have signed a memorandum of understanding aimed at accelerating the development and adoption of new cancer therapies. Overall, the collaboration...

NorwayNorway

18.09.2010

Oslo/Berlin – Algeta is cashing in on its lead product Alpharadin, a targeted alpha-radiopharmaceutical in clinical trials for treating bone metastases in cancer patients. Bayer Schering Pharma has agreed to pay the Norwegian...

NorwayNorway

11.07.2010

Lysaker – Norwegian biopharmaceutical company PCI Biotech Holding ASA has strengthened the company’s equity by a11m (NOK90m) through a share issue of 2.25 million shares with preemptive subscription rights for existing...

NorwayNorway

12.05.2010

Oslo – In Norway, a discussion has begun on how to continue to support biotechnology after the current National Programme for Research in Functional Genomics in Norway (FUGE) comes to a close in 2011. Efforts to draw up a...

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