In what has been the busiest week for European biotechnology stocks for several years, investors flooded back into the sector in a series of transactions in Sweden, Germany and Belgium. Several more are in the offing, some of which are already fully guaranteed. (BioWorld International)
Biovitrum AB has taken a significant step in its goal to become a fully integrated, specialty pharmaceutical firm focused on niche indications, with an SEK3.656 billion (US$533.1 million) cash-and-shares acquisition of Swedish Orphan International AB. (BioWorld International)
No Abstract BioWorld International CorrespondentCevec Pharmaceuticals GmbH raised €4 million (US$5.9 million) in new funding to support the commercialization of its proprietary protein expression platform CAP, which the company is positioning as a high-yield technology for the production of complex proteins.
In what could well be Europe's largest venture capital investment in biotechnology this year, Probiodrug AG took in more than €36 million (US$53.4 million) in a Series B round to fund a new class of Alzheimer's disease drugs, based on inhibiting glutaminyl cyclase (QC). The company also will allocate part of the proceeds to developing compounds acting on the same target for treating inflammatory indications. (BioWorld International)
No Abstract BioWorld Today CorrespondentIn what could well be Europe's largest venture capital investment in biotechnology this year, Probiodrug AG took in more than €36 million (US$53.4 million) in a Series B round to fund a new class of Alzheimer's disease drugs, based on inhibiting glutaminyl cyclase (QC). The company also will allocate part of the proceeds to developing compounds acting on the same target for treating inflammatory indications.
