DenmarkDenmark

Bavarian Nordic Raises Capital for Vaccine Production and Growth

06.03.2005

Kvistgård - Bavarian Nordic A/S will initiate a rights offering, with pre-emptive privileges for existing shareholders, to generate approximately DKK300 million ($52.6 million) in new net capital. The revenue will be used for investments in new production capacity as well as to further strengthen the company's product development activities; specifically to accelerate the development programmes in smallpox, HIV and cancer in the USA and Europe. The rights offering is expected to be carried out during the early summer of 2005. Peter Wulff, President & CEO, commented that correspondingly approximately 85 employees will be hired in 2005, primarily in the production, quality assurance/quality control and research and development departments. Excluding the effect of Bavarian Nordic's share of the upcoming order from the US government for up to 60 million doses of smallpox vaccine (IMVAMUNE™), the Danish-German company projects a turnover of approximately DKK450-500 million ($79-87.8 million) for 2005. As a result of the planned investments the company does not expect that the previously projected revenue for the year will be realized, which was expected to be a balanced result for 2005.
Bavarian Nordic also announced that its production facility in Berlin, Germany, has been granted manufacturing authorisation by the Berlin Office for Occupational Safety, Protection of Health and Technical Safety. The company is now ready to produce within its own manufacturing network large quantities of clinical trial materials for its global development programmes, the first priority of which being the production of clinical materials for the HIV/AIDS multi-centre programme. Bavarian Nordic expects to initiate several new clinical trials this year, including three phase II trials.

DenmarkDenmark

07.03.2012

Bagsvaerd/Bangalore – Danish Novozymes A/S has begun a new collaboration with Indian Sea6 Energy. The companies will jointly develop enzymes to convert seaweed-based carbohydrates to sugar, which can then be fermented to produce...

DenmarkDenmark

06.03.2012

Prague/Turku/Copenhagen – Danish pharmaceutical company H. Lundbeck A/S yesterday unveiled clinical data on its potential blockbuster drug nalmefene at the 2012 European Congress of Psychiatry clinical in Prague. While Lundbeck...

DenmarkDenmark

05.03.2012

Copenhagen – With the in vitro proof of concept for an undisclosed antibody target, Genmab A/S has reached the second milestone in its collaboration with H. Lundbeck A/S. Genmab will now receive a €1m payment. Under the...

DenmarkDenmark

01.02.2012

Copenhagen/Bangalore – Biofuels need reliable sources of biomass. Novozymes now looks to the ocean to secure biomass. The Danish enzyme specialist announced an exploratory research agreement with Sea6 Energy from India. The...

DenmarkDenmark

02.01.2012

Copenhagen – Hellsinn Healthcare has successfully completed a phase Ib trial in Europe with Zealand Pharma’s GLP-2 (glucagone-like peptide 2) peptide antagonist Elsiglutide (ZP1846). The completion of the study, which was...

DenmarkDenmark

23.12.2011

Copenhagen - An alliance of giants will take a thorough look into biofuels for the maritime sector. The leading enzyme producer Novozymes will team up with parts of the Danish shipping industry, including the world’s largest...

DenmarkDenmark

17.12.2011

Copenhagen/Paris – Danish biopharma­ceuticals company Zealand Pharma A/S has received some positive news. Ever since French partner Sanofi Aventis submitted a marketing authorisation application for Lyxumia (lixisenatide) in...

DenmarkDenmark

07.11.2011

Copenhagen/Paris - The cooperation between Danish biopharmaceutical company Zealand Pharma and French drugmaker Sanofi has borne its first fruit. Sanofi has submitted a marketing authorisation application for Lyxumia...

DenmarkDenmark

01.10.2011

Copenhagen/Ingelheim – Danish HTS expert Nuevolution A/S has signed a license agreement with drugmaker Boeh­ringer Ingelheim (BI). The German pharma company will use Nuevolution’s proprietary Chemetics drug discovery technology...

DenmarkDenmark

25.08.2011

Bagsværd - Novo Nordisk is investing around €134m in a new corporate centre in the Copenhagen suburb Bagsværd. The new office premises will concentrate the top management and 1,100 administrative employees which are currently...

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