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Pharmalink’s $15M Series C Financing To Progress Assets And Strategy

 
• By Sten Stovall

Privately held Pharmalink of Sweden will use a $15 million Series C funding for pivotal studies in its lead cancer and renal disease drugs, and to shop for new in-licensing or M&A opportunities in the Nordic region.

Pharmalink AB, a specialty Scandinavian biotech focused on orphan and niche products, has raised SEK96 million ($15 million) in a Series C financing round for use in pivotal trials for its Nefecon (budesonide) kidney drug and the oncology asset Busulipo (MZH-2). It also will use the money to explore fresh in-licensing and acquisition prospects in the region.

Cancer treatment Busulipo, a conditioning agent for use before hematopoietic stem cell transplants, was discovered by two professors at Sweden’s Karolinska Institute for use in children with malignancies or...

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EMA: ‘Sad To See’ Member States Against Patient Engagement Under EU Pharma Reform

 
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The European Medicines Agency’s chief medical officer Steffen Thistrup argued that patients are able to understand the “complex regulatory and scientific issues” that the EMA committees discuss when they assess drugs.

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