Collaboration - September 3, 2024
Theranostics Trial Center receives over SEK 15 million from Vinnova
The Theranostics Trial Center (TTC) at Karolinska University Hospital has been awarded financing from Vinnova to run a new project in precision medicine. By combining image-guided diagnostics and therapy with radioactively labeled target-seeking drugs, the project aims to revolutionize cancer treatment in Sweden. “This grant is a big step for our research and a clear […]
Financing - August 27, 2024
AstraZeneca invests in the expansion of the Sweden Biomanufacturing Center
AstraZeneca is making an additional investment of USD 135 million in its facility for biologics in Södertälje. “We are happy about this investment in Södertälje, which demonstrates AstraZeneca’s commitment to innovation and manufacturing of biological medicines in Sweden,” says Per Alfredsson, CEO of AstraZeneca AB and Senior Vice President for Global Biologics Operations. The investment […]
Biotech Business - August 23, 2024
NADMED raises EUR 3.5 million
NADMED has closed a series A round to fund its entry into the U.S. and other international markets with its nicotinamide adenine dinucleotide (NAD) measurement technology that may help clinicians establish more precise and personalized treatments for various diseases. The round was led by Finnish science-based startup investor Nordic Science Investments (NSI). Additional funding was secured […]
Biotech Business - August 14, 2024
Ilya Pharma closes EUR 5 million
Ilya Pharma has closed a EUR 5 million funding round with mainly existing shareholders including the EIC Fund participating, but also welcoming six new shareholders. The funds are used to advance the company’s portfolio of three first-in-class immunotherapies for skin, gastro and lung indications to the next value adding milestones and facilitate more commercial and […]
Financing - August 12, 2024
Lundbeck and Takeda modify collaboration agreement
Lundbeck has announced that in support of Lundbeck’s Focused Innovator strategy with the aim to create financial flexibility and reallocate resources to other growth opportunities, it has been agreed with Takeda to modify the current collaboration in the U.S. from a co-promotion, cost-sharing, revenue-sharing, and royalty setup to a royalty-based only model effective 1 January […]
Business article - July 22, 2024
Qlife ApS terminates corporate restructuring and files for bankruptcy
Qlife Holding has received information that Qlife ApS’s reconstructor will terminate the corporate restructuring. The board of directors has consequently decided to file for bankruptcy for the subsidiary, Qlife ApS. On 4 April 2024, the company announced that Qlife ApS was undergoing reconstruction to address creditor issues and to manage short-term liquidity. Since then, the […]
