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EUROPE NEWS

LONDON – Health ministers from 35 Organisation for Economic Co-operation and Development (OECD) countries meeting in Paris on Tuesday have pharma and biotech in their sights as they set out plans to cooperate in tackling ineffective health spending and waste.

DUBLIN – European biotech firms engaged in drug development raised an aggregate $3.789 billion in equity funding during 2016, down almost 23 percent on the previous year's total of $4.913 billion.

LONDON – Psioxus Therapeutics Ltd. has signed a potential $936 million deal with BMS for NG-348, an armed oncolytic virus that delivers the genes for two T-cell mobilizing proteins.

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