16.07.2012 - German pharmaceutical and chemical company Bayer sells the business with controversially debated drug Trasylol. The privately-held Dutch pharma The Nordic Group receives the worldwide marketing rights - except the US-territory.
The purchase price for Trasylol was not specified. In late 2008, health authorities in Germany and the United States told Bayer to stop distributing the aprotinin drug anywhere else. The trypsin inhibitor, which accounted for about EUR150m in annual sales, was used for complicated heart and liver surgery to reduce blood loss. In February this year, however, the EMA lifted the sales stop. The study results leading to the market ban had been incorrect said the Committee for Human Medicinal Products (CHMP). This positive opinion is expected to be ratified by the European Commission later in 2012. In Canada, the marketing stop had already been lifted in 2011. The Nordic Group is a European pharmaceutical company in private hands. Nordic claims to grow at an annual average rate of 20 percent. The company's focus is on niche products for hospitals and medicines for rare diseases.
29.07.2015 Newly founded Mereo BioPharma has acquired three mid-stage clinical assets from Novartis. In turn, the Swiss pharma concern will hold a stake in the UK company. Other investors are also on board.
24.07.2015 Biotech companies across Europe continue to raise cash on the public markets, generating €3bn in total financing proceedings in the first half of 2015. Compared to 2014, this is almost twice as much.
23.07.2015 US money keeps flowing into Europe's biotechs. As the race for the peanut allergy market heats up, NASDAQ listed French biotech DBV has announced the successful closing of US$281m (€256m) share offering for its allergy products.
16.07.2015 Sanofi has announced plans to restructure its business in five standalone global business units starting in January 2016. The goal is to promote growth and help the company launch a catalogue of new drugs over the next five years.
15.07.2015 GlaxoSmithKline (GSK) has become the first drugmaker to join the Francis Crick Institute. It is a consortium made up of six scientific and academic institutes to conduct research and drug development in the UK. The new institute is set to become a world-leading centre of biomedical research and innovation.
10.07.2015 Karolinska Development has slashed the reported value of its portfolio by almost half by revising its valuation model for early stage companies and divesting its shares in pain med maker Pharmanest.
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