MedTech Business - September 23, 2014
Mega Electronics gains distribution in China
Finnish health technology company Mega Electronics has signed a co-operation agreement with two Chinese medical device companies. Huafu Medical and Mercer Medical will start distribution of Mega Electronics’ remote-readable Faros ECG monitoring devices, reports Good News Finland. The Faros monitoring device is used to measure a person’s ECG. The goal is to a comprehensive distribution network for the product among China’s […]
Clinical Trials - September 22, 2014
Umecrine Mood announces positive results
The company has announced positive results from an exploratory Phase I/II study with UC1010 in premenstrual dysphoric disorder (PMDD). On September 19 Umecrine Mood announced the final results from an exploratory randomized Phase I/II study with its candidate drug UC1010 in patients with PMDD. The company states that the results show a statistically significant improvement of […]
Collaboration - September 22, 2014
Sobi collaborates with Biogen Idec
Sobi is planning to include a new preclinical hemophilia project in an agreement with Biogen Idec. Accodring to an announcement, Sobi has elected to add the preclinical rFVIIIFc-XTEN-vWF fusion molecule to the company’s collaboration with Biogen Idec. The XTEN technology is proprietary to Amunix Operating, Inc.. Biogen Idec and Amunix signed a worldwide license agreement […]
Financing - September 22, 2014
Recipharm secures financing
The company has entered a new five-year SEK 1 500 million loan facility with three of the largest banks in Scandinavia for continued growth. The revolving credit facility of SEK 1 500 million is signed with DNB, Handelsbanken and Swedbank and will serve as an additional resource to facilitate future expansion plans set in place for the business, […]
Regulatory compliance - September 19, 2014
Novo Nordisk in million dollar settlement
Danish Novo Nordisk has reached a settlement with the American sales company Rocheset Drug regarding the diabetes substance Prandin. Novo Nordisk has agreed to pay USD 19 million according to the agreement. The reason behind the disagreement is a lawsuit from Rocheset Drug in January 2014. The American sales company demanded compensation for lost sales […]
Acquisition - September 18, 2014
Addvise acquires Surgical Tables Inc
Addvise Lab Solutions AB has entered into an agreement to acquire Surgical Tables Inc for SEK 18.2 million. The agreement is planned to be effective November 1, 2014. Approximately SEK 5,5 million will be paid in cash at closing and approximately SEK 5,5 million is paid in newly issued shares or in cash at closing. Also, approximately SEK […]
