Friday, July 31, 2015
Hikma Pharmaceuticals, a multinational pharmaceutical group, has agreed to acquire Boehringer Ingelheim Roxane and Roxane Laboratories from Boehringer Ingelheim. Roxane is a well-established U.S. specialty generics company with a highly differentiated product portfolio and best-in-class R&D capabilities.
Deerfield Management has launched the Deerfield Healthcare Innovations Fund, which will invest in groundbreaking advancements in science that may lead to therapeutic interventions in genetic diseases, cancer and orphan diseases. The venture capital fund also will back new technologies that can transform how therapeutics are developed and improve the way healthcare is delivered to patients.
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.
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.