Hoping to follow the one Australian and three U.S. biotechs that have managed to go public this year, French immunotherapy firm Neovacs SA is seeking to raise about €20 million (US$27 million) and boost its profile with a listing on the Alternext Exchange in Paris. (BioWorld Today) Assistant Managing Editor 

Shares of Somaxon Pharmaceuticals Inc. more than doubled after the FDA approved its insomnia drug Silenor (doxepin), marking a major achievement for the San Diego-based firm, which entered 2010 with just over $5 million in the bank and a sole pipeline candidate that regulators had twice rejected. (BioWorld Today)