Archive: Company News

Company News: Micromet Closes $80.5 Million Public Offering of Common Stock

Micromet, Inc. (NASDAQ: MITI) announced today the closing of its previously announced underwritten public offering and raises net proceeds of approximately $ 75.3 million, after deducting the underwriting discount and estimated offering expenses. For more information, please click here.

Company News: Micromet Reports Fourth Quarter and Full Year 2009 Financial Results

Micromet, Inc. (NASDAQ: MITI), a biopharmaceutical company focused on the development and commercialization of next-generation antibodies for the treatment of cancer, today announced its financial results for the fourth quarter and full year ended December 31, 2009.  The Company also highlighted recent pipeline progress and outlined expected 2010 milestones.

Further details can be found at: www.micromet-inc.com

Company News: SuppreMol Appoints Dr. Robert Phelps as Head of Business Development & Licensing

SuppreMol GmbH, a privately held biopharmaceutical company developing novel therapeutics for the treatment of autoimmune diseases, today announced that Dr. Robert Phelps has joined the Company as Head of Business Development & Licensing.

See the full release at SupperMol´s website.

Company News: Indivumed to Study the Integrity of Biospecimen Sampling Procedures for the U.S. National Cancer Institute

Analysis of biopsy sampling procedures a prerequisite for the development of future individualized cancer therapies

Hamburg-based Indivumed GmbH has been awarded a subcontract by SAIC-Frederick, Inc., under its prime contract with the U.S. National Cancer Institute (NCI) to assess the impact of sampling procedures on the integrity of cancer biospecimens and key data derived from them.

The NCI’s Office of Biorepositories and Biospecimen Research (OBBR) is sponsoring the study to better understand how the integrity of voluntarily donated medical biospecimens—such as blood and biopsy tissue—might be compromised by the way in which they are collected and handled. Surgical and tissue sampling procedures can affect cellular processes in these biospecimens, influencing the results of research on cancer targets and mechanisms. Despite widespread use of cancer biospecimens for research, there are currently no systematic data available assessing the influence of sampling procedures on the molecular processes and compositions of the collected tissue.

Indivumed and its clinical network partners have pioneered standards to enable full control of all steps in tissue collection and clinical data collection, and are thus prepared to study the impact of intra- and post-surgical tissue processing on molecular data. For further details, please see the full announcement.

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