Money boost for translational medicine
Enlarge image

BusinessUK

Money boost for translational medicine

12.04.2012 - A £180m fund designed to bridge the ‘valley of death’ for medical breakthroughs in the UK will kick off at the end of April

London – A £180m government scheme designed to support collaboration between innovative SMEs and academics for developing solutions to healthcare challenges will open for applications at the end of April, according to announcements by the UK’s Technology Strategy Board The Biomedical Catalyst is a key element of the Strategy for Life Sciences launched by Prime Minister David Cameron in December 2011.  It will see the Medical Research Council (MRC) and the Technology Strategy Board working together to take the best British medical breakthroughs through to commercial success. Announcing the opening of the fund at a life sciences roundtable event in Japan, Minister for Universities and Science David Willetts said, “The Government is absolutely committed to ensuring the future success of the UK’s life sciences industry and one of the key challenges is tackling the so-called ‘valley of death’. This exists between the moment that a bright new idea is developed in the laboratory and the point when a new drug or technology can be invested in by the market. The £180 million Biomedical Catalyst program will bridge this funding gap.”Under the Biomedical Catalyst scheme, three categories of grant awards will be available – feasibility, early stage and late stage clinical research.  Individual grants to businesses will range from a maximum of £150,000 for feasibility awards to £3 million for early and late stage awards. Projects could focus on stratified therapy development, regenerative medicine, diagnostics, eHealth and mHealth solutions, enabling medical technologies and devices. The announcement complements a  £200m VC funding initiative termed Project Sigma launched in March by the British Wellcome Trust .

http://www.european-biotechnology-news.com/news/news/2012-02/money-boost-for-translational-medicine.html

DiabetesFrance

01.09.2015 Sanofi is partnering up with Google’s life sciences team with an ambitious goal: to change the face of diabetes management.

M&ASwitzerlandFrance

31.08.2015 In order to boost its active cosmetic ingredients business, the Swiss flavour and fragrance giant Givaudan has acquired Volketswil-based Induchem Holding and all its subsidiaries.

BioeconomyEU

26.08.2015 In its second call for proposals, the Bio-Based Industries Joint Undertaking has earmarked €106m for the research and development of useful bio-based products.

OncologyNorway

25.08.2015 Oslo Cancer Cluster is inaugurating its NOK1bn (€107m) Innovation Park. None other than Norwegian prime minister Erna Solberg officially opened the doors to the research park on August 24th.

LicensingUKSwitzerland

21.08.2015 Novartis Pharma AG has secured all remaining rights to antibody hopeful ofatumumab. Seller GlaxoSmithKline is set to receive up to US$1bn (€919m) for the treatment for MS and other autoimmune indications.

LicensingDenmark

18.08.2015 Danish Novo Nordisk is climbing on the antibody therapeutics bandwagon in a US$500m licensing agreement with antibody-specialist Genmab.

M&ASwitzerland

13.08.2015 Roche is stepping up its commitment in the fight against drug resistant “superbugs” with its takeover of US diagnostics play Geneweave, for up to US$425m.

M&AUK

11.08.2015 Biotech bug controllers Oxitec has been bought by US biotech Intrexon Corporation for $160m (€145m). The Oxford University spin-out specialises in environmentally friendly technology to control pests such as mosquitoes, which cause dengue fever and other diseases.

Research and DevelopmentFranceGermany

07.08.2015 In a deal worth more than €300m, Sanofi has partnered up with German drug discovery and development company Evotec in order to develop beta cell-modulating diabetes therapies.

Events

All Events

Current issue

All issues

Product of the week

Products

Stock list

All quotes

TOP

  • 4SC (D)3.54 EUR10.62%
  • DEINOVE (F)7.10 EUR7.25%
  • NANOBIOTIX (F)18.43 EUR5.62%

FLOP

  • BIOTIE THERAPEUTICS (FI)0.20 EUR-9.09%
  • OREXO (S)45.30 SEK-8.67%
  • TIGENIX (B)1.12 EUR-7.44%

TOP

  • KARO BIO (S)40.60 SEK2502.6%
  • BIOTECH PHARMACON (N)17.40 NOK84.5%
  • TRANSGENE (F)4.86 EUR73.6%

FLOP

  • CHRONTECH PHARMA (S)0.01 SEK-50.0%
  • BIONOR PHARMA (N)1.17 NOK-44.0%
  • NEUROVIVE PHARMACEUTICAL AB (S)12.85 SEK-43.4%

TOP

  • KARO BIO (S)40.60 SEK4566.7%
  • ADOCIA (F)85.64 EUR389.7%
  • VERONA PHARMA (UK)4.95 GBP312.5%

FLOP

  • CHRONTECH PHARMA (S)0.01 SEK-85.7%
  • NEUROVIVE PHARMACEUTICAL AB (S)12.85 SEK-80.2%
  • BIOTEST (D)20.00 EUR-77.0%

No liability assumed, Date: 02.09.2015