Sphingotec CEO Andreas Bergmann will use the €20m from the financing round to roll out the IB-10 POC testing platforms with panels of innovative biomarker test to support therapy decision making and early diagnoses in medically underserved fields. © Sphingtotec GmbH

Diagnostics company sphingotec GmbH successfully closed a €20m growth equity financing round led by international specialist investors HBM Healthcare Investments, HBM BioCapital II LP (HBM) and Wellington Partners.

BRIDGES are aimed to brigde the valley of death in funding with mutual utility for all contributing partners. © Evotec AG
Evotec and Sanofi have launched a Public Private Partnership (PPP) aimed at partnering with academic groups in early stage drug discovery across multiple therapeutic areas. 
The engineered bispecific antibody targets p95HER2 (blue fragment), which is unique to malignant breast cancer cells (brown). The antibody can therefore guide T cells (blue cells) to cancer cells without attacking healthy breast epithelial cells (pink). © Vall d'Hebron Institute of Oncology (VHIO)

Researchers at at VHIO in Barcelona, Spain, and Roche in Schlieren have presented a bi-specific antibody that prevents the side effects of HER2-targeting compounds.

Life Sciences venture capitalist Forbion has closed its  new flagship fund, Forbion IV, at €360m, €90m above its original target of €250m.

© ASEBIO

Matured, diversified and willing to expand – this is how the Spanish biotech sector presented itself during BIOSPAIN 2018 in Seville. Andalusia has launched the first bioeconomy policy strategy in Spain. 

© Minory Therapeutics SL

Barcelona-based Minoryx Therapeutics announced during BIOSPAIN 2018 it has raised another €21.3m in a Series B financing bringing its assets to a total of €50M. 

A team of researchers from the US and the UK have found that CD4-positive T cells harboring the PD-1 immune checkpoint protein can promote excessive connective tissue formation in lung cells. 

Monoclonal antibodies blocking both PD1 and PDL1 in cancer microenvironment. Currently, four checkpoint inhibitors are approved to treat lung cancer: Merck & Co's pembrolizumab, BMS' nivolumab, AstraZeneca's durvalumab, and Roche's atezolizumab. © Pharmaceutical.com

Cancer immunotherapy has been heralded as paradigm change in cancer treatment. Now, Roche’s US arm Genentech announced that the company’s anti-PD-L1 checkpoint inhibitor atezolizumab (Tecentriq) improved survival by only two months as first-line treatment for patients with the rare lung cancer SCLC.

Anaopheles gambiae, the mosquito that was used in the gene trap experiments. © James D. Gathany - The Public Health Image Library

A new gene drive can cause the complete collapse of caged malaria-carrying mosquito populations, researchers from Imperial College report in Nature Biotechnology. 

Harald Enzmann was elected new Chair of the CHMP. © EMA

The CHMP elected Harald Enzmann as its new Chair on Friday, and recommended thirteen medicines for approval, three thereof orphan medicines.