- Cellectis unveils gene-research tool
Cellectis has introduced a gene-research kit designed to help scientists develop stable cell clones faster and more accurately than with existing technologies. Some drugmakers and biotech firms in Europe have purchased the tool, which features 10 experiment tubes containing hamster cells, a Cellectis executive said. The French company hopes to expand the product's range to include cells of mice, humans and other species. The Guardian (London)/Reuters
(12/1)
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| | Detailed List of 952 VC Firms Investing in Biotech
BioWorld's Biotechnology and Medical Device VC Directory 2009 is the only directory that will help you locate investors that are still investing in the biotech and device industry. Perfect for anyone looking for financing: Seed, Series A-B, Series C-D, Mezzanine, Bridge, and Buyout. Click here for more info or to view sample pages. | |
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- Concerns arise about studies conducted overseas
Western drugmakers and regulators are under mounting pressure to ensure the safety of clinical trials conducted in developing countries after reports of death and complications in participants. Some experts are concerned about possible violations of clinical-testing rules, while others worry that companies may be taking advantage of individuals desperate to join studies. Drugmakers said they follow the rules when conducting trials abroad, including securing government authorization and routinely inspecting sites. The Wall Street Journal
(12/1)
- Researchers identify genes that affect degree of illness
An Australian study involving 300 people found that about 28% had certain gene combinations that made them more vulnerable to serious symptoms or prolonged bouts of illness, while 18% had a genetic profile that enabled them to recover quickly. The results could be used to develop more personalized therapies for common infectious ailments and to identify those who require priority treatment in case of a pandemic, the lead researcher said. The Telegraph (London)
(12/1)
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- Enzon scraps spinoff of biotech division
Enzon Pharmaceuticals decided not to spin off its biotechnology unit into an independent developer of cancer medicines because of unfavorable market conditions. "The fundamentals of the business remain strong, and we will continue to develop our innovative compounds for cancer patients," Enzon CEO Jeffrey Buchalter said. Forbes/The Associated Press
(12/1)
- Cephalon drops collaboration with Alkermes for Vivitrol
Alkermes said its partnership with Cephalon on Vivitrol, an injectable treatment for alcoholism, was discontinued. The decision, which is a result of Cephalon's portfolio evaluation, comes months after U.S. health authorities said they got 196 reported cases of complications from people who took Vivitrol. Reuters
(12/1)
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Uncover governmental financial incentives
A midsized biotech company in Missouri generated $9MM to support its expansion and the creation of new jobs, while a large biotech firm in Florida received the largest incentive package in history, totaling more than $510MM. Of the $50B spent by state and local governments each year on economic development incentives, biotechnology companies are eligible for some of the highest governmental financial incentives. To determine whether your company is eligible for such incentives or tax credits, contact Bedford International, a BIO Business Solutions preferred partner.
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