NorwayNorway

DeCode is back in business

13.12.2011

Reykjavik – Iceland’s deCODE Genetics, which Arch Venture Partners and Polaris Venture Partners lifted out of bankruptcy in January 2010, has been making a comeback of late. In mid-October, the genome analyser announced it had struck its first deal with the world’s largest drugmaker, Pfizer. The two companies will work together over the next 18 months to discover genetic variations linked to the immune system disease lupus erythematosus. The financial terms of the deal aren’t being disclosed, but deCODE founder and CEO Kari Stefansson says: “We are being well-compensated for doing the work.” Once a pioneer in genetic research that was listed on the NASDAQ, deCODE filed for bankruptcy protection in November 2009, burdened by debt after 13 years of failing to turn a profit. But it has fought back from the brink, returning as a private business in January 2010 after being acquired by a consortium of investors.

NorwayNorway

10.06.2009

Oslo/Toulouse – The Norwegian Oslo Cancer Cluster and French Toulouse Cancer-Bio-Sante Cluster have announced they will be strengthening their collaboration. As a first step, the two are hosting a new conference to be held on...

NorwayNorway

07.06.2009

Oslo – Bjarte Reve, the CEO of the Oslo Cancer Cluster and also one of the 200 World Economic Forum’s 2009 Young Global Leaders, wants to use his new title to accelerate the development of better cancer diagnostics and treatments...

NorwayNorway

15.05.2009

Oslo – After assessing a variety of criteria, including efficacy in the prevention of cervical cancer, safety and evidence of long-lasting protection, Norwegian health authorities have chosen Sanofi Pasteur MSD’s Gardasil for the...

NorwayNorway

21.02.2009

Kalundborg – In January, Norwegian pharmaceutical company Pronova Bio-pharma ASA began recruiting employees for its new Danish plant, which is slated to go into operation within a year. In 2007, Pronova invested a200m in the port...

NorwayNorway

20.02.2009

Oslo – At the end of January, the Norwegian government put forward a biotech crisis package with a total volume of up to a150m. Key measures include an increased funding of innovation loans from the industrial development agency...

NorwayNorway

20.02.2009

Norwegian cancer therapeutics company Algeta ASA has announced plans to raise EUR27.7m (NOK 245m) through the private placement of 22.3 million new shares in a move managed by ABG Sundal Collier and DnB NOR Markets. Directed at...

NorwayNorway

21.01.2009

The Norwegian government is discussing a €300m rescue package for the biotech industry as part of a national financial rescue plan. The proposal for the plan was put forward by the academic institutes, hospitals and businesses...

NorwayNorway

19.08.2008

Oslo – Photocure ASA, one of the Norwegian biotech companies established around the Radium Hospital in Oslo, has finished its demerger and set up a new company named PCI Biotech. In June, the former subsidary raised EUR7.6m (NOK...

NorwayNorway

14.08.2008

Svalbard – During a two-day journey to the Arctic in June, German Research Minister Annette Schavan delivered 17,000 seed samples to the Norwegian Svalbard Global Seed Vault, which was opened in 2007. The samples were mainly...

NorwayNorway

14.08.2008

Oslo –Algeta A/S has started a Phase III study of its bone-targeting radium-223 drug Alpharadin that will enrol 750 men with advanced, hormone-refractory prostate cancer (HRPC). The primary efficacy endpoint of the trial is...

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