Agreement - December 8, 2021
Alvotech and Oaktree announce merger agreement
Alvotech and Oaktree Acquisition Corp II, a special purpose acquisition company sponsored by an affiliate of Oaktree Capital Management, have entered into a definitive merger agreement. Upon completion of the transaction, the combined company’s securities are expected to be traded on NASDAQ under the symbol “ALVO.” “Alvotech is in a unique position to impact the […]
Financing - December 1, 2021
A new Icelandic venture fund that focuses solely on life sciences and health tech
A positive sign of Icelandic’s survival during the pandemic was the completion of financing of four new venture funds, including one that focuses solely on life sciences and health technology. The new venture fund, Iðunn, is based in Reykjavík, Iceland and is operated by Kvika Asset Management. It raised 56 million USD and its concept […]
Business Award - November 9, 2021
Coripharma acknowledged for substantial growth
Coripharma has been acknowledged by Gudlaugur Thor Thordarson, Minister for Foreign Affairs of Iceland, as one of the most rapidly growing start-up companies in Iceland with an almost five-fold revenue increase between 2019-2020. The annual recognition, announced September 2nd, is a collaborative project of The Federation of Icelandic Industries, The Association of Start-up companies, Reykjavik […]
Business Award - October 23, 2021
EpiEndo Pharmaceuticals wins the SALSS Rising Star Award
During the last day of SALSS (the Swedish-American Life Science Summit) 2021 in Stockholm, the winner of the Rising Star Award was announced. And the lucky winner was… EpiEndo Pharmaceuticals. “The winner of SALSS 2021 Rising Stars is EpiEndo for its level of innovation and potential impact in COPD, one of the leading causes of […]
Iceland - September 8, 2021
New biomarker for osteoarthritis found
Scientists at Icelandic deCODE genetics have found a new biomarker for osteoarthritis, that outperforms previously reported biomarkers and is an independent predictor of disease. In a study published in the medical journal, Arthritis & Rheumatology, the scientists introduced the new biomarker. Using SOMAscan platform in a non-hypothesis driven scan of 4,792 plasma proteins in 39,155 […]
Iceland - May 5, 2021
Filling a void in chronic disease treatment
Icelandic Sidekick aims to reduce healthcare strain and nudge people towards lasting lifestyle and behavior changes with its digital therapeutics innovations. At the beginning of the pandemic, digital health company Sidekick Health teamed up with Iceland’s national emergency services and infectious disease experts and developed a nationwide COVID-19 program that allowed health professionals to monitor […]
