GermanyGermany

Biotech landscape consolidates

16.09.2006

Munich – German firms are beginning to actively consolidate the fragmented biotech company landscape. Companies such as MediGene and Lion bioscience are buying, whereas compatriots Axaron or Combinature, amongst others, are being acquired (see report below).
Dietmar Hopp is playing a very active role in strengthening German biotech companies. The software billionaire who founded SAP AG, today the largest developer of business software worldwide, has invested about a200 million in 12 biotech companies, mainly in Germany. He recently spent a21 million to support the merger of the former bioinformatics specialist Lion, which had sold all of its operational business, with the drug developer Axaron. Further support came from BASF AG, a supporter of Axaron for many years. The move by MediGene AG, which bought British Avidex for a50 million in stock, lead to a mixed reaction in the German biotech scene: “A good extension of the pipeline” or “too expensive and risky” were among the remarks. Avidex’ lead product RhuDex, an oral CD80 inhibitor for the treatment of autoimmune diseases, is currently in a phase IIa trial.

GermanyGermany

07.03.2012

The first of February marked a milestone for Leverkusen-based Bio­frontera AG in more ways than one. It was the first day that Ameluz, the firm’s first approved product, could be sold in German pharmacies. It was also the date...

GermanyGermany

07.03.2012

Darmstadt – German pharmaceutical and chemical company Merck KGaA has set a downbeat tone for 2012. CEO Karl-Ludwig Kley said the recently launched cost-cutting programme and tough economic conditions will weigh on profits this...

GermanyGermany

05.03.2012

Mainz/Leuna – Two biotech concepts were amongst the winners of the recent third round of the Excellence Cluster initiative, which is funded by the German Ministry for Research. In Mainz the champagne corks popped especially loud...

GermanyGermany

05.03.2012

German Merck KGaA has closed a licencing agreement with US-based Threshold Pharmaceuticals Inc. The cooperation centres around the hypoxia­-activated drug TH-302, which is currently being studied in a global Phase III study....

GermanyGermany

29.02.2012

Munich – Looking back with satisfaction and bent on a prize for good behaviour, German biopharmaceutical company Wilex AG reported yesterday on the fiscal year 2011 and outlined the shores in sight. The 2011 total revenue was...

GermanyGermany

17.02.2012

Brussels – European cartilage researchers intensify their cooperation. The 'gristle network' comprises scientists from Belgium, France, Germany and Luxembourg. Its members plan to meet regularly to exchange views and information...

27.01.2012

Thousand Oaks/Munich - Bling bling for blinatumomab. It is a compliment for the European life sciences scene and sad news at the same time. Amgen Inc., the world's largest biotechnology company, agreed to buy Micromet Inc., an...

GermanyGermany

20.01.2012

Martinsried - SHELTER is responsible for the fact that the stocks of 4SC behaved like a rodeo horse on Thursday. The shares rose in several stages up to 63%, only to settle at a mere 43% rise at the end of the day. SHELTER is a...

GermanyGermany

17.01.2012

Ludwigshafen – BASF Plant Science GmbH, the agrochemistry and biotech arm of the world-largest chemistry company, thinks that it has outstayed its welcome in Europe. Over the next two years, most of the green biotechnology...

GermanyGermany

10.01.2012

Munich - It is the accolade for Micromet. The German company, which is listed on the U.S. stock exchange, announced today that it has entered into a Cooperative Research and Development Agreement (CRADA) with the renowned US...

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http://www.european-biotechnology-news.com/news/messages-archive/archive-germany/article/biotech-landscape-consolidates.html

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No liability assumed, Date: 30.08.2014


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