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BluCon Biotech and LG Chem partner to scale up and commercialize bioplastics technology

9 March 20239 March 2023

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

8 March 20238 March 2023

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…

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German MedTech firm Vara launches AI tool for breast cancer screening in India

3 March 20233 March 2023

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…

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Boehringer Ingelheim and 3T Biosciences partner to develop next-gen cancer immunotherapies

21 February 202321 February 2023

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…

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Calls for new Bayer CEO have been answered with Bill Anderson’s appointment

9 February 20239 February 2023

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…

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BioNTech introduces US$43M plasmid DNA manufacturing site in Germany

3 February 20233 February 2023

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…

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Pressure mounts on Bayer’s CEO as calls for his swift replacement intensifies —newspaper

29 January 202330 January 2023

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…

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Bayer bolsters radiology division with Blackford AI acquisition

26 January 202326 January 2023

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…

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Bayer shifts pharma focus away from Europe citing continent’s “innovation unfriendly” policies

17 January 202318 January 2023

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…

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BioNTech acquires UK-based AI startup InstaDeep for US$682M to boost manufacturing capabilities

12 January 202313 January 2023

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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  • UAE-based AstraGene and Mylab form joint venture to commercialize automated diagnostics
  • Chinese missionaries in Rwanda perform painless normal delivery
  • OSHCO, VAMED Group to establish a new rehabilitation & long-term care hospital in Riyadh
  • Uganda launches project to scale up paediatric surgical services in hospitals
  • Dubai’s state-owned DAHC, Pfizer, AXDEV Group ally to enhance chronic illness care

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