SwitzerlandSwitzerland

115 million dollars for development of new malaria drugs

22.10.2009

Geneva - The Medicines for Malaria Venture (MMV) has received $115 million from the Bill & Melinda Gates Foundation. The Geneva-based non-profit organisation is dedicated to tackling malaria worldwide, and to delivering affordable drugs to vulnerable populations. Stakeholders and contributors amongst others include the British National Institutes of Health, the Netherlands Minister for Development Cooperation, the Spanish Agency for International Cooperation for Development, the Swiss Agency for Development and Cooperation, the United Kingdom Department for International Development and the British Wellcome Trust. The public-private partnership was established as a foundation in Switzerland in 1999. MMV is currently managing the largest-ever portfolio of over 50 antimalarial projects in collaboration with over 80 pharmaceutical, academic, and endemic-country partners in 44 countries. In collaboration with partners, MMV recently launched its first product - Coartem Dispersible, a paediatric formulation. Another MMV-supported product, Eurartesim, has been submitted to the EMEA for approval, and a third is being prepared for submission, while a further seven potential medicines are in clinical development. The portfolio of discovery projects includes 19 completely new classes of compounds. “With our partners, we have built a portfolio of more than 50 new projects”, said Timothy Wells, CSO at MMV. “With the emergence of resistance to Artemisinin in Cambodia, it’s clear that the ambitious goal of malaria eradication will require a wide range of new medicines. The new grant from the Gates Foundation will enable MMV to continue the development of the next generation of antimalarial medicines.”

SwitzerlandSwitzerland

21.02.2012

Basel/Berkeley – Europe enters into the age of personalised medicine. The European Commission has approved the melanoma drug Zelboraf. While the compound was developed by US-based Plexxikon Inc., owned by Daiichi Sankyo Group,...

SwitzerlandSwitzerland

26.01.2012

Basel – The rumours started just before Christmas. Roche wants Illumina. Just how dearly, has just become clear. The Swiss drugmaker made a $5.7b hostile bid for Illumina, the current market leader in Next-Generation sequencing....

SwitzerlandSwitzerland

23.01.2012

Basel – Good and bad news for Swiss drugmaker Novartis. First a look on the bright side: Signifor, for the treatment of Cushing's disease, is on its final stretch to approval. The Committee for Medicinal Products for Human Use...

SwitzerlandSwitzerland

19.12.2011

Basel - It is a further push for Roche's ambitions in medicine concerning the treatment of skin cancer: The European Committee for Medicinal Products for Human Use (CHMP) has recommended that the drug Zelboraf and its companion...

SwitzerlandSwitzerland

17.12.2011

Allschwil – Europe’s largest stand-alone biotech company Actelion Ltd. is receiving an injection of fresh capital. Under the guidance of the two biggest Swiss banks – UBS and Credit Suisse – the Swiss company will be issued a...

SwitzerlandSwitzerland

14.12.2011

Stans – Due to the current financial market conditions and the lack of significant progress with currently available options, Swiss drug developer Mondobiotech says it will be implementing restructuring measures. Together with...

SwitzerlandSwitzerland

14.12.2011

Geneva – There's is life in Swiss biotechnology beyond big pharma. Genentech has launched a First-in-Human study with anti-IL-17, an antibody made by the Swiss biotechnology company NovImmune. The fully human monoclonal antibody,...

SwitzerlandSwitzerland

22.11.2011

Basel – The FDA has withdrawn the accelerated approval for Roche's Avastin (bevacizumab) to treat metastasising breast cancer. The US regulatory authority had originally granted accelerated approval for Avastin's use in treating...

SwitzerlandSwitzerland

16.11.2011

Basel/Hervel – It may be the end of Novartis' lucky streak in osteoporosis. While the once a year osteoporosis injection Aclasta (a bisphosphonate) sells well, the Swiss pharma company had to break disastrous news from a...

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