Denmark, SwedenDenmark

NeuroSearch buys Carlsson

16.09.2006

Ballerup – Carlsson Research AB, a Swedish biopharmaceutical company originating from the laboratory of the Nobel Prize winner Arvid Carlsson of Gothenburg University, is to be acquired by the publicly listed company NeuroSearch A/S from Denmark. The deal, valued at SEK875 million (a74 million), is conditional, upon a share offering made by NeuroSearch which is aimed at raising between DKK350 million (a47 million) and DKK400 million (a53 million) before the end of 2006.
Within the acquisition, SEK250 million (a26 million) will be paid upfront and SEK625 million (a67 million) upon the achievement of certain agreed milestones. “The combination of NeuroSearch and Carlsson will ensure that our innovations are commercialized in the best possible way”, stated Jonas Frick, Board Member of Carlsson Research, in a press release.
The acquisition expands NeuroSearch‘s development pipeline with three drug candidates for the treatment of diseases of the central nervous system (CNS). The most advanced drug candidate ACR16, a dopamin D2 receptor antagonist, is in development for Huntington’s disease and has completed a Phase II trial. It is planned to enter phase III next year. NeuroSearch hopes to launch the product in 2009.

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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...

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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...

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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...

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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...

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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...

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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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