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Financing – October 9, 2026

Orexo plans SEK 250 million rights issue

Orexo’s board has resolved on a rights issue of about SEK 250 million, subject to approval at an extraordinary general meeting on November 6. The money is mainly for the company’s development programs, including the first pivotal trial of OX640.

Europe – October 8, 2026

Forbion raises EUR 2.3 billion for biotech

Dutch life science investor Forbion has raised EUR 2.3 billion (USD 2.6 billion) across two new funds. This is a record for the firm and one of the largest life science venture capital raises globally in the past five years. The new money comes into a European biotech market that has long been short of growth capital.

Pharma Business – October 8, 2026

Orion signs pembrolizumab biosimilar deal and starts first biologic trial

Finnish Orion Pharma has signed an agreement with Qilu Pharma Europe for a pembrolizumab biosimilar for the European market. A day earlier, it dosed the first patient with ODM-216, its first biologic drug candidate to reach clinical testing.

Pharma Business – October 8, 2026

Bavarian Nordic raises 2026 guidance to DKK 6.1 billion on US rabies vaccine demand

Bavarian Nordic has raised its full-year 2026 guidance for the third time this year. It now expects revenue of about DKK 6,100 million, up from about DKK 5,700 million, driven by higher sales of rabies vaccines, mainly in the US.

Pharma Business – October 8, 2026

Prime Minister to open Thor Medical’s AlphaOne plant

Norwegian Prime Minister Jonas Gahr Støre will officially open Thor Medical’s AlphaOne production facility at Herøya Industrial Park on October 19. The Oslo-based company supplies high-purity alpha-emitting isotopes to the radiopharmaceutical industry.

Collaboration – October 8, 2026

Aiforia collaborates with PathAI

Aiforia has announced a commercial agreement with PathAI, a member of the Roche Group.

Opinion & debate

Clinical Trials

Clinical Trials – October 9, 2026

Oncopeptides drug crosses blood-brain barrier in first patients

Oncopeptides’ peptide drug conjugate crossed the blood-brain barrier in the first three patients treated in a glioblastoma study at Oslo University Hospital. Drug concentrations in the tumors matched preclinical models.

Clinical Trials – October 7, 2026

Pharmability doses first patient with TIR-C

Stockholm-based Pharmability has dosed the first patient in its Phase Ib study of TIR-C in atopic dermatitis, and the first cohort is now fully enrolled. The trial is the first in which the drug candidate is tested in humans.

Clinical Trials – October 7, 2026

Epcoritamab meets Phase III goal in frontline lymphoma

Genmab and AbbVie’s bispecific antibody epcoritamab, added to standard R-CHOP chemoimmunotherapy, significantly improved progression-free survival in the Phase III EPCORE DLBCL-2 trial in newly diagnosed diffuse large B-cell lymphoma (DLBCL). The companies say it is the first Phase III study of a bispecific antibody combination to show such a benefit in the frontline setting.

Clinical Trials – October 6, 2026

Survodutide meets Phase III goals in diabetes

Boehringer Ingelheim’s survodutide, licensed from Danish Zealand Pharma, met both co-primary endpoints in the Phase III SYNCHRONIZE-2 trial in people with obesity or overweight and type 2 diabetes, with weight loss of up to 13.1% after 76 weeks versus 3.1% on placebo.

Clinical Trials – October 6, 2026

Tarek Samad on the next test for Lundbeck’s Parkinson’s drug

Lundbeck has randomized the first patient in the Phase II DARE2 trial of its oral Parkinson’s candidate Lu AF28996. In an interview with NLS, Tarek Samad, Head of R&D, explains what the trial needs to show to justify Phase III and where the drug could fit alongside existing treatments.

Clinical Trials – October 3, 2026

Genmab reports Rina-S Phase 2 data

Genmab has reported Phase 2 results for its antibody-drug conjugate rinatabart sesutecan (Rina-S) in platinum-resistant ovarian cancer, with a confirmed objective response rate of 45.9% among 109 treated patients.

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NLS Insight

Business article – November 4, 2024

Navigating the Financial Landscape: Downsizing

Downsizing a company is one of the most difficult decisions a chief executive can make, after which comes the equally painful decision of when to do it.

Financial landscape – November 8, 2024

Navigating the Financial Landscape: Bankruptcy

Four months after XNK Therapeutics, located in Huddinge, Sweden, declared bankruptcy, the clinical-stage biotechnology company’s building and physical assets were sold and the lease agreement transferred to BioLamina. 

Financial landscape – November 3, 2024

Navigating the Financial Landscape: Licensing

The Nordics is a small region and access to capital is limited, so many biotech companies do not have the financial strength to develop more than one product from their platform. Seeking licensing partners for the later stages of clinical development and subsequent commercialization is therefore a strategy that many SMEs adopt, and need to adopt.

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