Noema Pharma AG extends Series B financing
Swiss Noema Pharma AG has cashed in a CHF27m extention to its Series B financing that is used to advance four Phase II programmes in neurology.
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Citryll BV raises €85m in Series B financing
/in News/by Thomas GabrielczykDutch inflammation specialist Citryll BV has raised €85m to push clininal testing of its lead candidate, CIT-013, a bifunctional antibody that prevents the release of neutrophil extracellular traps (NETs) from neutrophil granulocytes into the cytoplasm, thus blocking inflammatory and autoimmune diseases at its very roots.
Dewpoint Therapeutics and Mitsubishi Tanabe partner on ALS therapy
/in News/by Thomas GabrielczykDewpoint Therapeutics Inc and Mitsubishi Tanabe Pharma Corporation have formed a collaboration, valued at up to $480m, to develop a novel small molecule condensate modulator for ALS, leveraging groundbreaking European research in condensate biology.
UK first country in Europe to reimburse tirzepatide
/in News/by Thomas GabrielczykThe British NICE has defined the conditions for the reimbursement of Eli Lilly’s obesity blockbuster tirzepatide. This makes the UK the first country in which patients do not have to pay for the drug out of their own pocket.
French Ipsen inks US$610m biobucks deal with Biomunex SA
/in News/by Thomas GabrielczykFrench Ipsen has exclusively licensed BMX-502, a T-cell engager (TCE) from Biommunex SA, which prevents common problems of TCEs such as cytokine release syndrome and T cell exhaustion by using a specific mucosal T cell subpopulation abundant in the human body.
Obesity gene therapy enters Phase I testing
/in News/by Thomas GabrielczykAfter securing an equity investment from French pharma giant Sanofi, Italian gene therapy company Resalis Therapeutics srl has begun enrolling participants for a Phase I study of its obesity gene therapy, RES-010, which converts white adipocytes into brown adipocytes.
European Biotechnology and SLAS seal partnership
/in News/by Thomas GabrielczykThe Society for Laboratory Automation & Screening (SLAS) has selected the European Biotechnology Magazine as its official media partner.
Breakthrough: Bio-based foam absorbs 99% of microplastics
/in News/by Thomas GabrielczykChinese researchers headed by Prof. Dr. Hongbing Deng from Wuhan University report they were able to absorb up to 99.9% of microplastics in water, which could help solve one of the most pressing environmental problems.
Cradle Secures $73m Series B to Accelerate AI-Driven Protein Engineering
/in News/by Thomas GabrielczykThe Dutch-Swiss company with operations also in Zurich, Switzerland, has raised US$73m in a Series B and will continue to expand its AI research, sales, and operations teams. The new announcement comes around a year after raising €21.92m in a Series A funding round.
Roche makes takeover bid for Poseida Therapeutics Inc
/in News/by Thomas GabrielczykGenentech, the US arm of Swiss-based Roche AG, plans to acquire its long-time partner in allogeneic CAR-T blood cancer and gene therapies, Poseida Therapeutics Inc, for up to US$1.5bn.