SwedenSweden

Nestlé catches BioGaia bacillus

08.03.2012

Swiss Nestlé S.A. has extended its collaboration agreement with BioGaia AB. The world’s largest nutrition company is paying up to €50.8m for a perpetual licence to use BioGaia’s patented Lacto­bacillus reuteri in infant nutrition products. BioGaia is receiving an upfront payment of a40m in the first quarter of 2012, and an additional a10.8m on achieving certain milestones in the next five years. Nestlé also has the option to extend the use of L. reuteri to other product areas. “Through the new agreement we have secured income that otherwise would not have been guaranteed under the original contract,” said Peter Rothschild, President of BioGaia. The Stockholm-based company announced it will use the proceeds to “further invest in its own brand” and for “a generous dividend policy”. A recent double-blind study in Indonesia showed that L. reuteri significantly reduced episodes of diarrhea. In the trial, 494 children received low lactose milk with or without L. reuteri or L. casei 431. The incidence of diarrhea episodes fell by 32% in the group supplemented with L. reuteri compared to placebo.
In the last few years, Nestlé has moved significantly into the field of functional food. In September 2010 it announced it would invest about US$500m in a new venture called Nestlé Health Science.

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12.03.2012

Gothenburg – Researchers at the Sahlgrenska Academy have discovered a previously unknown mechanism which helps intestinal bacteria to affect the formation of blood vessels. In a study of mice, the team led by Fredrik Bäckhed...

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After a long period of negotiations, Sweden’s Orexo AB and Belgium’s Janssen Pharmaceutica have terminated their joint research programmes. “Unfortunately, we lack the funds to continue on our own to develop the OX-CLI and OX-ESI...

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06.03.2012

Uppsala/Moscow – Vaccine adjuvant specialist Isconova AB is set to begin receiving royalties and product revenues from Russian partner VetBioChem. The veterinary medicine company has launched two new rabies vaccines for dogs and...

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23.02.2012

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Huddinge – Full stop for one of Sweden's most promising biotech companies. Karo Bio has terminated the trial of its late-stage cholesterol drug eprotirome and won't proceed with its plans to spin off its preclinical operations....

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19.12.2011

Helsingborg/Exton – Swedish drug developer DuoCort Pharma AB has been purchased by US-based biopharmaceuticals maker ViroPharma Inc. ViroPharma paid around €25m up front, but DuoCort’s former owners could end up receiving €97m...

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Stockholm/Cologne – Researchers at the Swedish Karolinska Institute and the University of Cologne have identified a new protein-based defense mechanism against cancer (Struct. & Molec. Biology, doi: 10.1038/10.1038/nsmb.2188)....

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Craigavon/Uppsala – Irish Almac Discovery, a member of the Almac Group, will begin cooperating with Uppsala-based Beactica AB to develop new cancer drug candidates. In late November, the companies announced that Beactica’s Sprint...

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17.11.2011

Exton/Helsingborg – A Swedish specialist for improving glucocorticoid replacement therapy has attracted transatlantic attention. DuoCort Pharma AB, based in Helsingborg, was bought by ViroPharma Incorporated, an US-based...

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