News

Doping for UK's biomedicine
Enlarge image

BusinessUK

Doping for UK's biomedicine

03.08.2012 - The UK government has pledged to invest additional €49m (£39m) in the country's life science research.

The Biomedical Catalyst Fund commited €12,6m (£10m) to 14 universities and 18 small- and medium-sized enterprises (SMEs) to explore the market potential of early-stage ideas. Each of the universities received up to £750k, while each company received up to £150k to propel their projects. These are the first investments for the three-year, €227m (£180m) fund. It is part of the Strategy for Life Science unveiled by UK’s Prime Minister David Cameron December last year to foster the domestic life science industry. The grants will fund about 150 pilot projects, allowing academic researchers to begin the process of turning a bright idea into a viable proposition. Universities have control over allocating the funding internally, allowing them to respond rapidly to new opportunities and have the flexibility to pursue the most promising translational research opportunities.

In an effort to establish four e-health centres of excellence in London, Manchester, Dundee and Swansea, UK’s Medical Research Council has teamed up with a consortium of ten public and charity research funders. The centres will focus on conditions including cancer, diabetes, obesity and cardiovascular disease. The researchers working at these centers will link information in NHS health records with other forms of research and routinely-collected data to improve patient care and public health.

Only days ago, Cameron unveiled plans to converse the Olympic drug testing laboratories located in Harlow into a phenome research centre after the Games are complete. The concept of the phenome encapsulates all of an individual’s traits, which are the outcome of a continuous interplay between their genes and the environment. It will be funded by €12,6m (£10m) investments over five years by both the Medical Research Council and the Department of Health’s National Institute for Health Research. Two companies who make scientific instruments - Bruker, and Waters Corporation – will invest additional €25,2m (£20m). Imperial College and King’s College London will be academic partners in the project.

http://www.european-biotechnology-news.com/news/news/2012-03/doping-for-uks-biomedicine.html

RegulationItalyGermanyNetherlandsEU

28.11.2014 The first gene therapy for a rare genetic condition — UniQure's Glybera — is on its way to the European market. But there is a hefty price tag: Chiesi, responsible for the marketing of the orphan drug, is asking for a record price of €1.1m per patient.

New reportEU

25.11.2014 The European biotech IPO slump has finally come to an end. A brand new industry report shows that compared to previous years, the number of biotech IPOs more than doubled in 2014, with London and Paris exchanges leading the pack.

M&AIreland

19.11.2014 It’s not every day that a company is pushed into the top ten of its sector, but that day has come for Actavis. Christmas came early for the new pharma giant after completing a US$66bn (€53bn) takeover battle for the Botox manufacturer Allergan.

Drug DevelopmentGermany

18.11.2014 Merck KGaA and US rival Pfizer have signed a immuno-oncology alliance worth billions: Merck will share the development and commercialisation of its cancer antibody with its US partner – for €2.3bn.

FinanceFrance

14.11.2014 Cosily coinciding with World Diabetes Day on 14th November, French biopharma Les Laboratories Servier has struck a US$1bn deal with US pharma Intarcia Therapeutics for the exclusive rights to Intarcia’s unprecedented therapy for type 2 diabetes.

AwardsFranceGermanySweden

12.11.2014 Glitz and glamour are not words often used to describe science and mathematics. But once a year, celebrities from the science and showbiz world come together at the Breakthough Prizes, a glitzy television bash that honours scientists for their achievements. French life scientist Emmanuelle Charpentier was among this year’s winners.

ResearchEU

10.11.2014 EFPIA’s specialised group Vaccines Europe and the Innovative Medicines Initiative (IMI) have launched a €280m Call for proposals aimed to address the Ebola crisis.

Trade fairGermanyEU

07.11.2014 3,200 participants from 54 countries attended the 20th issue of BIO-Europe. The overall mood of the European biotech sector was modestly optimistic.

AcquisitionGermanyUKSweden

05.11.2014 German Definiens AG has a new owner: Astrazeneca’s biologics R&D arm Medimmune has taken over all the shares of the imaging specialist for US$150m.

AcquisitionSwedenDenmarkUK

04.11.2014 Galecto Biotech has entered an agreement with Bristol-Myers Squibb for the acquisition of the company and its lead drug, providing the Swedish company with the potential of reaching over US$400m.

Events

All Events

Current issue

All issues

Product of the week

Products