Posts Tagged ‘biotechnology company’

Amgen and Celgene make acquisitions to strengthen their oncology pipeline

Monday, January 30th, 2012

As reported by Chemical and Engineering News, the leading Biotechnology company, Amgen and biopharmaceutical company, Celgene are making steps to strengthen their oncology drug pipelines through acquisitions.

Amgen:

Amgen is set to pay $1.2 for Micromet, an innovative biopharmaceutical company which concentrates on developing oncology drugs. Their technologies focus on antibody technology (BiTE) which work by binging both tumour cells and T cells which causes the cancer cell to die.

Celgene:

Celgene is acquiring Avila Therapeutics for $925 million. Avila are the first company to design and develop targeted covalent drugs robustly. These drugs are able to both inhibit and silence disease-causing proteins.

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Cambridge Biotech cluster to play key role in €40m epigenetics collaboration

Tuesday, November 8th, 2011

As reported by Cambune, companies from the Cambridge Biotech cluster will play a key role in an innovative epigenetics collaboration called Blueprint.

This €40m project which will aim to discover how the epigenome influences health and disease. It is hoped that this will help lead to great advances in the treatment of a variety of human diseases.

Cambridge-based  contributors that will be involved with Blueprint, include:

The study of epigenetics can help explain how human genes are influenced by external forces. The genome is essentially the body’s building blocks, so it is the epigenome that determines how these building blocks construct living things.

When the regulation of this is faulty, it can result in diseases such as cancer, diabetes, obesity  and cardiovascular disease.

Professor Wolf Reik, associate director at the Babraham Institute and Professor of Epigenetics at the University of Cambridge, explains:

“It is clear that our susceptibility to disease can only be partially explained by genes alone and epigenetics is emerging as an important research area that is bringing insight to many adult conditions like heart disease, diabetes, cancer and autoimmune disorders.

“The purpose of project Blueprint is to determine the properties and functions of epigenomes in development and disease.”

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BlueGnome Ranked Fastest Growing UK Biotech Company

Thursday, October 28th, 2010

scientists workingFormed in 2003, BlueGnome, a specialist developer of microarray based solutions for the screening of chromosomal abnormalities in cytogenetics and IVF, has been ranked fasted growing Biotechnology company by The Deliotte Technology Fast 50.

Impressively, the Biotech company has been ranked the 25th fastest growing company in the UK across all sectors. CEO of BlueGnome, Nick Haan, stated,  ‘This award recognises BlueGnome’s ability to evolve as technologies for the investigation of genetic disease develop. We have a fantastic team at BlueGnome here in Cambridge and our office in the United States which enable us to achieve this level of sales growth, while also remaining profitable, even through times of recession and cut backs.’

Graham Snudden, VP Engineering, added ‘We pride ourselves on excellent customer service combined with the latest technology to allow our customers to improve the quality of their genetic services. Recent growth is mostly attributable to our 24sure technology which makes aneuploidy screening of single cells possible.’

The Fast 50 ranking reflects the fastest growing technology companies in the UK based on percentage growth in revenues over five years. The growth of BlueGnome highlights the biotech company’s new staff hires and increased productivity at their Cambridge headquarters.

BlueGnome  is a supplier of diagnostic products; microarrays, consumables, software, for molecular cytogenetics. They are a leader in in the provision of genetics tests and software for diagnosis of genetic disorders and improving fertility in IVF. To find out more, visit their website.

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Biotech Company Genzyme Declines Sanofi’s $18.5bn Offer

Tuesday, August 31st, 2010

drugsmoney-150x150The leading biotechnology company, Genzyme have declined an $18.5bn takeover bid by French drug makers, Sanofi Aventis yesterday.

Genzyme’s chief executive, Henri A.Termeer wrote this statement in a letter to Sanofi’s cheif executive Christopher A. Viehbacher, “The Genzyme board is not prepared to engage in merger negotiations with Sanofi based upon an opportunistic proposal with an unrealistic starting price that dramatically undervalues our company.”

Shares of Genzyme, which is one of the world’s leading makers of drugs for rare genetic disorders, rose nearly 4 percent to $70.13 in afternoon trading.

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Yorkshire Biotech Company Hosts In-Vitro Testing Event

Monday, May 24th, 2010

blue-molecule-reverses-300x241The Yorkshire-based Biotechnology company, Kirkstall Ltd is hosting an event which will discuss the latest research into in-vitro testing.

Kirkstall Ltd develops innovative testing technologies at its Kroto Innovation Centre laboratories based in Sheffield. The biotech company will be hosting the event to discuss new developments in human-cell based testing in Montpellier in France on May 26th and May 26th.

Topics covered will span from regulatory procedures to reducing the need for animal testing. Not only this, but Sheila MacNeil, a professor at the University of Sheffield will be presenting her paper on 3d tissue engineering models for research and development.

Kirkstall recently received by than £100,000 of equity funding following its involvement in Grant Thornton’s Investing in Health programme. The funding has enabled the biotech company to further develop its technologies whilst building on its reputation. This has lead to the biotechnology company to win its first significant three-year contact in toxicity testing.

Managing Director of Kirkstall, Malcom Wilkinson, has stated, “We’ve had a fantastic response to the event so far with more than 90 people registered to attend. The key reason there is so much interest is that there are some serious unmet needs at the moment in toxicity testing which our technologies can address.

“It is a great opportunity to bring together leading researchers from the industry and also shows the benefits of working with academic research teams and key opinion leaders in the biotechnology market place.”

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