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Latest Headlines

Latest Headlines

Actelion creates vaccine startup with €30M investment and Max Planck assets

Actelion has got into startup creation. The Swiss biotech has committed €30 million ($33 million) to set up Vaxxilon, a synthetic carbohydrate vaccine-focused startup with a mission to push a program licensed from the Max Planck Society into the clinic within the next three years.

Adocia climbs 10% after Lilly-partnered insulin clears PhIb

Shares in Adocia rose 10% after its Eli Lilly-partnered fast-acting insulin impressed in a small early-phase study. The data position Adocia to push ahead with development of a product that could surpass Lilly's blockbuster fast-acting insulin Humalog in terms of speed and effectiveness.

Alexion gets EU green light for a pair of rare disease drugs

European regulators are recommending approval for two rare disease treatments from Alexion, a victory for the biotech as it works to expand its stable of commercialized drugs.

Google backs £320M Oxford fund, DBV heads to Phase III, Biophytis files for Paris IPO

In this week's EuroBiotech Report, two corners of Britain's great hope for competing with the likes of Boston and San Francisco, the area dubbed the "golden triangle," spent the week talking about the one area in which they indisputably fall short of their rivals: Cash. And more.

AbbVie hands back rights to Biotest's RA drug after trial flop

AbbVie has walked away from its claim to Biotest's anti-CD4 monoclonal antibody, tregalizumab. The decision comes two months after Biotest posted Phase IIb data showing tregalizumab failed to outperform the placebo in terms of improvements to ACR20 scores.

TxCell halts drug production, a decision made with French regulator

TxCell, a French biotech working on T-cell treatments for chronic inflammatory and autoimmune diseases, named Stéphane Boissel as its new CEO in April. And one of the first issues Boissel gets to confront is regulatory concerns over a pilot manufacturing facility.

DBV makes a beeline for Phase III as peanut allergy race hots up

DBV Technologies has exited its end-of-Phase II meeting with FDA with a plan for the next steps of development of its peanut allergy vaccine. And with Aimmune Therapeutics breathing down its neck, the French biotech is keen to get its pivotal trial up and running before the end of the year.

London mayor moots £10B biotech 'megafund' to close gap on U.S. hotspots

The mayor of London has come up with a scheme to bridge the financial chasm between the U.K. and U.S. biotech hubs. Officials have called Eli Lilly, Pfizer and JP Morgan to a meeting to discuss the plan, which entails creating a £10 billion ($15 billion) fund to invest in drugs across the development spectrum, The Financial Times reports.

Backing from Google Ventures drives Oxford Uni spinout fund past £300M target

Oxford Sciences Innovation (OSI) has eased past its £300 million ($475 million) fundraising target. The University of Oxford-focused investment vehicle pulled in a total of £320 million after Google's VC wing contributed to a fundraising drive that had already attracted Neil Woodford and other big names in British biotech.

Biophytis files for Parisian IPO to hustle AMD and obesity drugs toward POC

Biophytis has added its name to the list of biotechs to head to the Parisian stock exchange in 2015. The age-related disease biotech has filed the paperwork for an IPO on its local exchange to finance the march of its two lead candidates into Phase IIb trials.