GermanyGermany

Biotest shares up 24% after global marketing deal for potential blockbuster immunomodulator

22.06.2011

Dreieich – German Biotest AG has bagged US$85 million upfront and options on further US$395 milestone payments plus royalties on sales from Abbott Laboratories in a co-marketing deal for Biotest’s immunomodulator BT-061 that targets the CD4 receptor on T regulatory cells (Tregs). In a phase II trial, the humanised antibody (50 mg subcutanously over 8 weeks) which activates Tregs, led to a ACR 50 in 26% of patients with moderate to severe Rheumatoid Arthritis. Furthermore, the immune system silencer showed signs of efficacy in a Phase I dose escalation trial (0.5-25 mg subcutanously) in patients with moderate psoriasis. BT-061, which unlike other anti-CD4 antibodies does not cause depletion of CD4 positive T-cells that would give rise to weakened immune responses, has upside indications in multiple sclerosis, allergies, type 1 diabetes, inflammatory bowel disease and systemic lupus erythematosus for which it is in preclinical development. Biotest’s shares were 24% up after announcement of the deal. Under the terms of the agreement Biotest and Abbott will co-market BT-061 in the five major European markets Germany, France, Italy, Spain and the UK. For all other pharma markets, Abbott will have exclusive marketing rights. Biotest will be responsible for manufacturing the initial clinical supply of BT-061 and the companies will share responsibility for commercial production.

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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