Archive: Company News

Company News: Curetis AG Successfully Increases Series A Round to EUR 24.5 Million

Curetis AG, an innovative molecular diagnostics company focusing on the development and commercialization of in-vitro diagnostic products for infectious diseases, today announced an extension of its Series A financing, bringing the total size of the round to € 24.5 million. CD-Venture joined the funding as a new investor, while all of Curetis’ existing VC investors participated in the round. Several private investors also continued to co-invest.

Following the appointment of Oliver Schacht, PhD, as the new CEO of Curetis last month, this financing transaction is the first step towards funding next year’s commercial launch and roll-out of the Unyvero product platform together with the first CE marked IVD test cartridge for pneumonia and antibiotic resistances in Europe. The additional funds will allow Curetis to pursue a more aggressive strategy towards initiating a US clinical trial in H2-2011 with a goal of filing for FDA approval in 2012. This Series A financing positions Curetis as a solidly funded molecular diagnostics company with near-term commercial-stage products and its unique platform solution addressing a clear unmet medical need in the rapid diagnosis of infectious diseases and antibiotic resistance.

Curetis’ CEO Oliver Schacht will present an update on the company at the upcoming BioEquity 2011 in Paris. The presentation is scheduled for May 23, 2011, at 5:00 pm CET, Room Pont de Sully.

Further details can be found here.

 

Company News: biocrea and Pfizer Jointly Presented Details on Novel PDE10 Inhibitors at the 241st ACS National Meeting & Exposition

– Novel treatment opportunities for CNS diseases –

biocrea, a biopharmaceutical company focusing on novel treatments for disorders of the central nervous system (CNS), today reported details on the design and synthesis of novel, brain-penetrating phosphodiesterase-10 (PDE10) inhibitors developed in collaboration with Pfizer Inc. (NYSE: PFE). The data were featured in joint presentations[1] with Pfizer at the recent 241st ACS National Meeting & Exposition, an event organized by the American Chemical Society (ACS).

The data demonstrated that the scientists at Pfizer and biocrea were able to eliminate undesired activity on adenosine receptors and to considerably improve the compounds´ physicochemical properties and potency. The team had started with initial high-throughput hits characterized by low potency and selectivity. Further lead optimization led to a number of compounds with very robust activity in a range of preclinical models of anti-psychotic efficacy. Moreover, these PDE10 inhibitors produced low levels of catalepsy, suggesting a minimal risk for the induction of side-effects involving the extrapyramidal system (EPS), the most common adverse reaction observed with anti-psychotic drugs.

Phosphodiesterases (PDEs) have been identified as key regulators of intracellular cyclic nucleotide levels in the brain. Mechanistically, PDE10 inhibition has two major benefits, mimicking, (1) the effects of antagonists of the dopamine-2 receptor, the current standard treatment for psychosis, and (2) the effects of agonists of dopamine-1 receptors, which may decrease the side-effect liabilities while contributing to a pro-cognitive profile.

 

[1] Malamas M et al., 241st ACS National Meeting & Exposition Abstract 65 – Imidazo[1,5-a]quinoxalines as selective PDE10A inhibitors for the treatment of schizophrenia, http://redir.ec/Qr3C; Malamas, M. et al., 241st ACS National Meeting & Exposition Abstract 66 – Benzo[e]imidazo[5,1-c][1,2,4]triazines as selective PDE10A inhibitors for the treatment of schizophrenia, http://redir.ec/pl1Q


Company News: bubbles & beyond Expands Into I&I Sector, Signs Agreement with JNC Corporation

bubbles & beyond, a technology company focusing on customized intelligent fluids™, and the Japanese chemicals company JNC Corporation (formerly CHISSO) today announced an exclusive development collaboration on novel cleaning and stripping solutions for microelectronic devices.

Under the agreement, bubbles & beyond and JNC Corporation will jointly develop new solutions to facilitate and accelerate the complex cleaning processes for microelectronics. Within the next 18 months, both companies will identify and develop next-generation, sustainable cleaning and stripping agents suitable for the production of various microelectronics components, e.g. LCDs, OLEDs, plasma screens, motherboards, semiconductors, etc..

JNC Corporation receives an option to obtain the exclusive manufacturing and commercialization rights in Asia to any products resulting from the collaboration, while bubbles & beyond retains all product rights outside Asia. Moreover, bubbles & beyond receives alloted R&D payments during the collaboration.

Company News: LSP launches IPO of LSP Life Sciences Fund on NYSE Euronext

Having built an exceptional track record as one of Europe´s most successful and reputable investment firms in life sciences, LSP Life Sciences Partners has decided to set up a public fund, which has been taken public on NYSE Euronext today. The LSP Life Sciences Fund (ISIN: NL0009756394) is managed by Mark Wegter, Joep Muijrers and Geraldine O’Keeffe, all of which are seasoned investment professionals in the healthcare sector and have been responsible for LSP´s investments in public companies since 2008. Since then, the team has significantly outperformed the market and generated a return in excess of +150%, according to Mark Wegter.

The new fund takes a long-only investment strategy and allows generalist and retail investors to benefit from LSP´s outstanding expertise in life sciences – a highly complex and knowledge-driven sector.  While investing primarily in Europe, there will also be selected U.S. investments. The fund´s goal is to participate in all forms of primary or secondary offerings, including follow-on offerings, block trades and IPOs – given that the respective investee company passes the team´s strict, comprehensive diligence process, which is regarded as a key to success by LSP.

 

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