LEUKOCARE Announces EUR 3.4 M Capital Increase
News Sep 03, 2013
LEUKOCARE has announced the successful completion of its capital increase of EUR 3.4 million. New ordinary shares were issued to existing shareholders and new investors in exchange for a combination of new equity capital and the conversion of an outstanding EUR 1.0 million corporate bond.
“This fundraising together with our increasing revenues allows us to accelerate the growth of our business and to drive the development of markets for our proven technology portfolio” explained Michael Scholl, CEO of LEUKOCARE.
Scholl continued, “It ensures the financial independence and operational flexibility of LEUKOCARE to reach the next milestones in the development of the company. In particular, in the next 2 years, we expect industrial partners in the fields of vaccines, combination products and biopharmaceuticals to start commercializing products employing our technologies. We are encouraged by the enthusiasm of our partners who have successfully evaluated LEUKOCARE’s technology platform and have initiated major product development efforts by licensing our proprietary technology and know-how.”
Based on LEUKOCARE’s Stabilizing and Protecting Solutions (SPS), biopharmaceutical products and vaccines can be significantly improved in respect to storage stability and quality.
Moreover, SPS allows terminal sterilization of biologics and of medical devices functionalized by biologically active substrates, including implant surfaces, wound dressings, and others.
LEUKOCARE’s recently submitted annual report stated a revenue growth of approx. 50 % representing the third consecutive year with an equivalent expansion rate.
Small Tweak Makes Progress Towards Improved Flu TreatmentNews
Researchers report that a tweak to a small-molecule drug shows promise for future production of new antiviral therapies that could help patients, regardless of the strain with which they are infected.READ MORE
H7N9 Influenza Vaccine Clinical Trials CommenceNews
Two new clinical trials testing an experimental vaccine to prevent influenza caused by an H7N9 influenza virus are now enrolling volunteers at sites across the United States. The Phase 2 studies will test different dosages of the inactivated influenza vaccine candidate as well as different vaccination schedules. The studies also will evaluate whether an adjuvant boosts the immune responses of people receiving the vaccine.
Antigen Study Shows Promise for a Respiratory Syncytial Virus VaccineNews
Medical researchers have been trying to develop a vaccine for respiratory syncytial virus (RSV) for more than 50 years, without success. New findings however, point to a promising route for designing an effective vaccine. Researchers determined the atomic structure of RSV G (major viral surface protein) and identified two sites on it that are targeted by protective antibodies effective against a broad range of RSV strains.READ MORE
Comments | 0 ADD COMMENT
World Congress on Advanced Pharmacy and Clinical Research
Jul 16 - Jul 17, 2018