One of the biggest commercial challenges that biotechnology firms faced in the 1980s has only just been resolved: Glycofi has come up with a way to manufacture human therapeutic proteins in yeast and other fungal protein expression systems. The firm figures the first adopters will be companies that have identified proteins they know are pharmacologically active, but which cannot be produced in sufficient quantity with now-standard mammalian cell culture techniques.
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Multi-blockbuster falls short in a giant cell arteritis study.
Deal Snapshot: Having recently raised an $89m IPO, BioVersys is partnering on and optioning rights to a preclinical NTM development program with Shionogi.
The merger with a fellow Norwegian biotech comes a few months after its lead asset, bemcentinib, bit the dust.
