Drug Sponsors

Report: U.K. biotech pulling ahead in Europe

Monday, July 27, 2015

Over the past 10 years, the U.K. biotech sector has outperformed other European countries, raising $1.4 billion via IPOs and $2.4 billion in venture capital, according to a new report from life science market intelligence firm Evaluate and the U.K. BioIndustry Association (BIA). The rise in optimism has been most evident in 2014, with the momentum continuing into 2015.

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Allergan to acquire Naurex

Monday, July 27, 2015

Allergan, a global pharmaceutical company based in Dublin, has agreed to acquire Naurex, an Evanston, Ill.-based clinical-stage biopharmaceutical company developing therapies for central nervous system disorders, in an all-cash transaction. Allergan will acquire Naurex for a $560 million, up-front payment, $460 million of which is payable upon the closing of the acquisition, as well as potential R&D success-based and sales-threshold milestone payments. 

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