FranceFrance

Neovacs announces IPO

22.03.2010

Paris – Despite limited IPO prospects for biotech in general, French Neovacs S.A. said it will raise EUR20 million on the Alternext Exchange of Euronext in Paris. The developer of cytokine inhibiting immunotherapeutics will offer 3.9 million new shares from a capital increase or 27.46 percent of its capital between EUR5.2 and EUR6.0 per share. The exercise of a greenshoe option could raise the issue size to 26.4 million euros, handing 36.3 percent of the group's capital to the public. Truffle Capital, Novartis Venture Fund and OTC Asset Management currently own a combined 73 percent of the capital. Neovacs develops immunotherapeutics based on a specific protein-coupled inactivated cytokines plus adjuvans that induce a polyclonal antibody response of the immune system against cytokines that cause disease when overexpressed. The company's Phase Ib immunotherapy program TNF-alpha Kinoid targets Tumor Necrosis factor in Crohn’s disease and the company has also started a Phase II trial in rheumatoid arthritis. A second product candidate is IFN-alpha Kinoid, an immunotherapy that targets interferon alpha in patients suffering from Lupus erythematosus.


FranceFrance

28.03.2012

Minneapolis/Banzancourt – Bioamber Inc. is one step closer to the environmental summit. The company's goal is to establish sustainable, "green" chemistry on an industrial scale. The French/US enterprise has now scaled up its...

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14.03.2012

Sophia Antipolis/ Madison – French NicOx S.A. and the global eye health specialist Bausch & Lomb have announced positive top-line results from their phase 2b dose finding study with BOL-303259-X, a nitric oxide-donating version...

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13.03.2012

Paris/Barcelona – French pharma company Sanofi strengthens its ties with the Spanish research institution CGR (Center for Genomic Regulation) in Barcelona. CGR stated on 12 March that the two partners agreed upon three years of...

FranceFrance

06.03.2012

Lyon – The sale of 1.6 million shares brought in €25.3m for French Adocia SAS during its IPO on the Euronext Paris. The price of €15.88 values the diabetes specialist at €96.1m at the upper end of the bookbuilding range. Late...

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05.03.2012

Pointing to a new study on Syngenta’s GM maize Bt11, France’s Environment Ministry has asked the European Commission to suspend authorisation for the use of the MON810 maize sold by US agri­biotech giant Monsanto as well. The...

FranceFrance

27.02.2012

Cambridge - Genzyme will shut the doors at its Cambridge R&D site by the end of the year, with up to 60 employees expected to lose their jobs. The move is part of an ongoing global restructuring of R&D by Sanofi, who purchased...

FranceFrance

07.02.2012

Lille – Shares of the French diabetes specialist Genfit S.A. almost doubled when the company published results of its Phase II study with the PPAR alpha and delta modulator GFT505. The compound has met the co-primary and...

FranceFrance

06.02.2012

Shares of the French diabetes specialist almost doubled when the companypublished results of its Phase II study with the PPAR alpha and deltamodulator GFT505. The compound has met the co-primary and secondaryendpoints while...

FranceFrance

02.02.2012

Bagneux - DBV Technologies is planning an IPO on Euronext Paris. The French pharmaceutical group specialising in the treatment of allergies was founded in 2002. DBV's proprietary technology Viaskin is used to administer an...

FranceFrance

12.01.2012

Berlin/Paris – Sanofi Pasteur has licensed a yeast strain from German Organobalance to produce vaccines. With the deal, the vaccines division of the French drugmaker will gain exclusive access to a modified strain of...

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