Global report - July 26, 2021
Aztiq to buy a 17% stake in Alvogen US
Aztiq Pharma Partners, a private equity fund led by Róbert Wessman, announced in the beginning of July that it has completed a 100 million USD financing to purchase a newly issued share equity in Alvogen US. Morgan Stanley led the financing, which was subscribed by international institutional investors. The capital was used by Aztiq to […]
Acquisition - July 9, 2021
Cytiva acquires Intermountain Life Sciences
Cytiva has acquired Intermountain Life Sciences, a manufacturer of high-purity water, buffers, and liquid cell culture media. Cytiva will use Intermountain’s manufacturing site in Utah to rapidly boost its liquid cell culture production by millions of liters. Hiring is ongoing to rapidly increase output, the company states in a press release. “The demand for buffers […]
Business Award - June 11, 2021
He is the EY World Entrepreneur Of The Year 2021
JungJin SEO, Honorary Chairman of Celltrion Group, South Korea, has together with his colleagues developed drugs to treat cancer, autoimmune diseases and COVID-19. The entrepreneur JungJin SEO knew very little about science or medicine before founding a biopharmaceutical firm in 2003, describes EY in a press release. He studied Industrial Engineering but lost his job […]
Acquisition - March 10, 2021
Amgen to acquire Five Prime Therapeutics for USD 1.9 billion
Amgen and Five Prime Therapeutics have announced an agreement under which Amgen will acquire Five Prime Therapeutics for USD 38 per share in cash, representing an equity value of approximately USD 1.9 billion. Five Prime’s lead asset, bemarituzumab, is a Phase 3 ready anti-FGFR2b antibody with positive data from a randomized, placebo-controlled Phase 2 study […]
Global report - February 25, 2021
Philadelphia – A fertile ground for innovation
Philadelphia has a long legacy of life sciences and success and now, cell and gene therapy is fast becoming a local specialty. Mention Philadelphia, Pennsylvania, in the U.S., and the first thoughts usually go to its role in the nation’s formation and early history: the writing and signing of the Declaration of Independence in 1776 […]
Global report - January 25, 2021
Biogen to develop digital biomarkers of cognitive health
Biogen has announced a new virtual research study, in collaboration with Apple, to investigate the role Apple Watch and iPhone could play in monitoring cognitive performance and screening for decline in cognitive health including mild cognitive impairment (MCI). The multi-year, observational research study will be launched later in 2021 and will enroll participants including young […]
