Affitech
(21.04.2010)

Affitech Signs Strategic Alliance with Russian Biotech Partner

NauchTekhStroy Plus, (NTS Plus), a newly formed joint venture subsidiary of
Pharmstandard, Russia's leading domestic pharmaceutical company and a participant in the leading Russian biotech project ‘Generium', will conduct clinical development and registration of two innovative Affitech antibodies for Russian and  CIS markets.

 - NTS Plus will pay €23 million in fees and advanced royalties to Affitech 

 - Pharmstandard will commercialise these antibody products in Russia and CIS 

 - Russian Investor, Trans Nova Investments, becomes majority shareholder in 
   Affitech by subscribing for €20.9 million in new Affitech shares 

 - Affitech shares continue to trade on NASDAQ/OMX Copenhagen Stock Exchange

 

455734
(Affitech's homepage)

 

 For the whole press release click here.



BioForm
(04.01.2010)

Merz to Acquire BioForm Medical

FRANKFURT, Germany and SAN MATEO, Calif., Jan 4, 2010 (GlobeNewswire via COMTEX News Network)

Merz Pharma Group ("Merz"), a privately-held company based in Frankfurt am Main, Germany, and BioForm Medical, Inc. (Nasdaq:BFRM) today announced that the Board of Directors of BioForm Medical and the Merz Shareholders Council have unanimously approved a definitive agreement under which Merz will acquire all of the outstanding shares of BioForm Medical for US$5.45 per share in cash pursuant to a cash tender offer followed by a second-step merger. The transaction has a total equity value of approximately US$253 million based on BioForm Medical's outstanding shares of common stock.


(BioForm's homepage)

 

Fact sheet for the transaction click here

For the whole press release click here 



Verax
(13.11.2009)

FDA Clears First Rapid Test for Bacterial Contamination in Pooled Platelets

FDA NEWS RELEASE, Nov. 13, 2009 
 
The U.S. Food and Drug Administration today cleared for marketing the Platelet PGD Test System, the first rapid test for the detection of bacterial contamination in pooled platelets derived from whole blood.

Platelets are used to prevent or treat bleeding in individuals with dangerously low platelet counts, including those undergoing chemotherapy for cancer, following major trauma, during or after surgery, and in individuals who do not produce adequate numbers of platelets. Platelets have the potential to be contaminated with bacteria and it is important to detect and interdict such contamination before transfusion.  Patients who are transfused with contaminated platelets are at risk of developing serious and potentially life-threatening infections.

The Platelet PGD Test System consists of a single-use test strip that, in fewer than 60 minutes, produces a signal that indicates the presence of bacteria.  The test is intended for use mainly by hospital transfusion services as a quality control test for the detection of bacteria after platelets derived from whole blood have been pooled, just prior to a patient  blood transfusion.

“Bacterial contamination of platelets is the leading infectious cause of patient fatalities associated with platelet transfusions,” said Karen Midthun, M.D., acting director of the FDA’s Center for Biologics Evaluation and Research.  “A rapid test for pooled platelets is an important step in improving safety for patients who are transfused with platelets.”

Clinical studies showed that the Platelet PGD Test System improved the sensitivity for detecting bacterial levels by 100 to 1000-fold over existing methods used to test pooled platelets prior to transfusion.

The Platelet PGD Test System is manufactured by Verax Biomedical, in Worcester, Mass. 

 


(Verax's homepage)

 



SantoSolve
(20.10.2009)

SantoSolve AS raises USD 5.5 million   

Tuesday, October 20 2009 

Norwegian pharmaceutical/biotech company SantoSolve AS has raised USD 5.5 million in a private placement with Scandinavian VCs Teknoinvest, InnovationsKapital and Investinor.


(SantoSolve's homepage)


For more about Investinor's investment in SantoSolve click here (Norwegian only).