SwedenSweden

Sobi accelerates into new year

08.02.2011

Stockholm – At the end of last year, the first European patient was treated with Ruconest – a recombinant C1 esterase inhibitor for the treatment of hereditary acute angioedema attacks developed by the Dutch Pharming Group NV and marketed by Swedish Orphan Biovitrum AB (Sobi). “The pharmacy purchasing price, estimated from the first approved prices in Europe, will be approximately EUR1,800 per vial, which represents a competitive price per unit of C1 inhibitor,” said Anders Edvell, the Vice President of Marketing and Sales at Sobi. German oncology specialist Fresenius Biotech also announced an agreement with Sobi at the end of January. The Stockholm-based orphan drug company will distribute the trifunctional antibody Removab in 15 European countries, and Sobi gains exclusive rights for the next seven years. The Swedish drugmaker was also active in Asia. Sobi is set to distribute two products for rare disorders in South Korea, linking up with the local firm BL&H for Orfadin (nitisone) and Kepivance (recombinant palifermin). The agreement involves the payment of an undisclosed transfer price by privately held BL&H, which will also be responsible for securing the regulatory approval of the products. Sobi estimates that approval and reimbursement could be expected around a year from filing. The Swedish biotech firm is currently looking for a new CEO, after former manager Martin Nicklasson left at the beginning of 2011. According to the company’s chairman Bo Jesper Hensen, finding a replacement was necessary as the company entered into a new phase, although he praised the outgoing CEO as “material in transforming Sobi from a research company focusing on small molecules into a niche specialty pharma leader with an attractive pipeline of biological drugs.”

SwedenSweden

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...

SwedenSweden

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...

SwedenSweden

08.03.2012

Stockholm – Swedish drug delivery specialist Orexo AB has announced the intention to cut its headcount by 30% in order to reduce the company's burn rate. The personnel reduction by 35 people is expected to lower the costs by a...

SwedenSweden

07.03.2012

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...

SwedenSweden

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...

SwedenSweden

23.02.2012

Stockholm - Probiotics can help prevent diseases, Swedish researchers have found out. The results are in sharp contrast with all health claim judgements involving probiotics published by the EU's food watchdog EFSA up to now. The...

SwedenSweden

16.02.2012

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....

SwedenSweden

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...

SwedenSweden

15.12.2011

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)....

SwedenSweden

15.12.2011

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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