GERMANY —German biotech company, BluCon Biotech, and leading chemical company, LG Chem, have signed an investment agreement to commercialize BluCon’s technology to supplement LG Chem’s bio-economy portfolio. In the medical…
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Pricing hurdles force Bristol Myers to abandon plans for launching new cancer drug in Germany
GERMANY — Bristol Myers Squibb, following its European approval last September, has announced that it will not be launching Opdualag, an infusion of Opdivo and new antibody relatlimab, in Germany…
Read MoreGerman MedTech firm Vara launches AI tool for breast cancer screening in India
INDIA – Germany’s deep tech platform Vara, formerly known as Merantix Healthcare, has entered the Indian market with the launch of its AI-powered tool for breast cancer screening. Vara has…
Read MoreBoehringer Ingelheim and 3T Biosciences partner to develop next-gen cancer immunotherapies
GERMANY — Boehringer Ingelheim and 3T Biosciences have formed a strategic partnership and licensing agreement to develop next-generation cancer immunotherapies. Cancer immunotherapy uses the immune system to attack tumor cells…
Read MoreCalls for new Bayer CEO have been answered with Bill Anderson’s appointment
GERMANY — Bayer Pharmaceuticals has named veteran pharmaceutical executive Bill Anderson to replace current CEO Werner Baumann as its next CEO, shaking up the company’s leadership as it tries to…
Read MoreBioNTech introduces US$43M plasmid DNA manufacturing site in Germany
GERMANY – BioNTech SE has completed the US$43 million (€40m) construction of its first proprietary plasmid DNA manufacturing facility in Marburg, Germany, to produce an important building block in mRNA-based…
Read MorePressure mounts on Bayer’s CEO as calls for his swift replacement intensifies —newspaper
GERMANY — Bayer investor Deka has called for CEO Werner Baumann to be replaced ahead of his scheduled departure, adding to mounting pressure on the German drugmaker. “Bayer needs a…
Read MoreBayer bolsters radiology division with Blackford AI acquisition
GERMANY — Bayer has purchased Blackford Analysis and its Blackford Platform, an all-in-one software solution for radiology, expanding its radiology application offerings. The financial terms of the deal, which is…
Read MoreBayer shifts pharma focus away from Europe citing continent’s “innovation unfriendly” policies
GERMANY — German firm Bayer is shifting away from Europe and the United Kingdom, citing the continent’s “unfriendly” policies to innovation, amid widespread concern about new taxes threatening profits. The…
Read MoreBioNTech acquires UK-based AI startup InstaDeep for US$682M to boost manufacturing capabilities
GERMANY — BioNTech SE, a German-based immunotherapy company, has agreed to acquire British artificial intelligence (AI) startup InstaDeep for up to 562 million pounds (US$682 million) to speed up its…
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