Biocitech, the biotechnology park located on the northeastern edge of Paris' periphery, has taken on three early stage tenants as part of a new incubation initiative that aims to boost the park's pipeline of residents.
Evotec AG is pocketing €12 million (US$15.5 million) up front and could receive up to €580 million more in preclinical, clinical and commercial milestones from a drug discovery alliance focused on endometriosis with Bayer Pharma AG.
BILBAO, Spain – The coming months will be a crucial period in the development of Zeltia Group, Spain's flagship biotechnology company, which is due to report data from several clinical trials, including a Phase IIb trial of Nypta (tideglusib) in Alzheimer's disease and a Phase III trial of Aplidin (ptilidepsin) in multiple myeloma.
BILBAO, Spain – Visitors to the opening day of BioSpain 2012 last week had to pass through airport-style security in the foyer of the Bilbao Exhibition Center (BEC).
BILBAO, Spain – The coming months will be a crucial period in the development of Zeltia Group, Spain's flagship biotechnology company, which is due to report data from several clinical trials, including a Phase IIb trial of Nypta (tideglusib) in Alzheimer's disease and a Phase III trial of Aplidin (ptilidepsin) in multiple myeloma.
BILBAO, Spain – Visitors to the opening day of BioSpain 2012 this week had to pass through airport-style security in the foyer of the Bilbao Exhibition Center (BEC).
With positive overall survival data from a Phase II trial in hand, 4SC AG aims to move its pan-histone deacetylase inhibitor (HDAC) resminostat into a pivotal Phase III trial in second-line hepatocellular carcinoma (HCC) in the first half of next year.
The €80 million (US$104.9 million) investment by dievini Hopp BioTech Holding GmbH & Co. KG in Tuebingen, Germany-based CureVac GmbH is not only its single biggest bet to date, but also a clear point of differentiation between itself and most other private investors in European biotechnology. (See story this issue.)
CureVac GmbH closed what will in all likelihood go down as the largest private equity round in European biotechnology this year, an €80 million (US$104.9 million) investment from dievini Hopp BioTech Holding GmbH & Co. KG, which will enable it to take forward two mRNA-based therapeutic cancer vaccines, in clinical development for prostate cancer and non-small-cell lung cancer (NSCLC).
