22.05.2013 - Danish Novo A/S has strengthened its pipeline of anti-infectives against multidrug resistant bugs by acquiring Norwegian Xellia Pharmaceuticals.
The holding company of the Danish insulin producer Novo Nordisk purchased all shares of Xellia from 3i and other shareholders. As a consequence of the US$700m transaction, Xellia’s headquarters will move from Oslo to Copenhagen. The API manufacturer, which was spun-out from Alpharma Inc in 2008, is the leading supplier of the last resort antibiotic Vancomycin, the Gram-negative killing drug Colistimethate Sodium (CMS), antifungal medicines and corticosteroids.
Xellia has built a pipeline of generic anti-infective treatments, and has extensive semi-synthetic and biological manufacturing know-how, including strain development and manufacturing. Novo's investment will allow Xellia to boost its R&D and to improve its market reach.
07.07.2015 Irish pharma play Allergan plc. is boosting its eye care business by acquiring US-American medtech company Oculeve. Included in the deal are Oculeve’s dry eye disease development programmes.
03.07.2015 Biotech giant Biogen is investing CHF1bn in a new pharmaceutical production plant in the Swiss town of Luterbach. Noted as one of the world’s oldest biotech firms, Biogen will create up to 400 jobs at the new plant.
02.07.2015 Dutch biotech Amarna and Austrian Biomarker research centre CBmed have joined forces to develop several immunotherapies, including therapies against cancer and diabetes type 2. The joint venture will develop Amarna’s next generation viral vector platform.
30.06.2015 Pharma giant Novartis has bumped up its neuroscience portfolio with the recent purchase of Australian biotech Spinifex for a US$200m upfront payment plus US$500 in milestone payments. The acquisition is centred on Spinifex’ mid-stage pain drug EMA401.
24.06.2015 Swedish scientists have created artificial neurons that are capable of mimicking the function of human nerve cells. The researchers hope that, once minituarised, they may one day be used to restore disturbed neural function.
22.06.2015 For the 31st time, the ACHEMA has drawn the global chemical engineering and the process industry to Frankfurt. Although still overshadowed by petrol, the biobased economy is getting ready to step out into the limelight.