DenmarkDenmark

Pharmexa Will Issue new Shares

08.05.2004

Hørsholm - The Board of Directors of Danish Pharmexa A/S has decided in mid- April to increase the company's share capital by up to 12,299,940 new shares at a price of DKK17.00 per new share (subscription price). Pharmexa secured the minimum gross proceeds for the transaction - 5,882,353 shares totalling DKK100 million (Euro13,44 million) - by receiving commitments from five major shareholders totalling DKK43 million (Euro5,78 million), the ING Investment Banking's subscription of DKK49 million (Euro6.59 million) and H. Lundbeck A/S's option over DKK10 million (Euro1,34 million). Pharmexa's existing shareholders have pre-emption rights to the new shares at the ratio of 3:1.
The company will focus most of the financial resources on achieving clinical proof of concept in patients in its HER-2 Protein AutoVac™ programme, expected in mid 2006, subject to regulatory approval and recruitment of patients, alone or in collaboration with a partner. The proceeds from the rights issue, existing liquid resources of the company as well as income from existing and future collaboration agreements will to a large extent be earmarked for this purpose.
Pharmexa estimates that - based on the current level of activities - the operations until the middle of 2006 will require a capital injection of some DKK160 million (Euro21.51 million).

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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