24.07.2012 - London-based biotech company Cell Medica, developing cell-based therapeutics, has closed a £17m (€21,7m) funding round.
The financing includes a significant contribution from a Texan state fund called The Cancer Prevention and Research Institute of Texas (CPRIT). Cell Medica is to begin new operations in Texas focused on cancer immunotherapy as a result of the funding, which will also finance ongoing immune reconstitution studies in Europe.
CPRIT is committing £9.7m (€12,4m) to Cell Medica, enabling it conduct US clinical development of its Cytorex EBV therapy to treat cancers associated with Epstein Barr virus. In Europe, the company's Cytovir technologies are being developed for the treatment of life-threatening viral infections in lymphoma and leukaemia patients who have undergone bone marrow transplants. The company hopes to launch its Cytovir therapy for cytomegalovirus in Europe next year following completion of two ongoing studies in the UK. Other investors include Invesco Perpetual (£4m or €5,1m) and Imperial Innovations (£3m, €3,8m). The Wellcome Trust also becomes a shareholder in the company through conversion of a loan security into equity. Cell Medica uses its technology to select, activate and expand T-cells to treat a range of indications. The firm has additionally appointed Thomas Hecht, a former transplant physician and previous senior executive in Amgen's European Operation, as chairman.
12.02.2016 The promise of the microbiome as the basis of new treatments has caught the attention of many. Now, UK biotherapeutics maker 4D pharma plc has padded its microbiome pipeline with the acquisition of Irish Tucana Health.
05.02.2016 It is not yet clear why a man died during a first-in-man clinical trial in January. A preliminary report found several “major shortcomings” by responsible CRO Biotrial. However, all regulations were complied with.
04.02.2016 After having dodged multiple takeover attempts by Monsanto last year, agrobusiness giant Syngenta has now agreed to be acquired by chemical corporation ChemChina. The Swiss company also announced plans to go public within a few years.
01.02.2016 Altering human DNA with the efficient gene editing method CRISPR/Cas9, especially germline modifications, was long considered a taboo. Now, however, UK scientists have received official approval to tinker with embryo DNA.
27.01.2016 Three UK universities have teamed up with three pharma companies to create the Apollo Therapeutics Fund. With the tech transfer fund, the consortium aims to develop scientific research into medicines.
25.01.2016 Affimed means to put a promising drug combination to the test. With support from MSD, the German biopharma will carry out clinical trials for an immunotherapy combining treatments of both companies.
21.01.2016 Stop squandering antibiotics and make research profitable again: at the World Economic Forum in Swiss Davos, 83 pharmaceutical companies have called for a unified approach towards the threat of antimicrobial resistance.