Swiss-based biomaterials company Qgel has raised $12m from existing investors in a financing round.
The proceeds will be used for accelerating the company’s expansion and broadening its product line for research in advanced drug discovery.
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US-based biopharmaceutical company CytRx Corporation has announced a private placement of shares to raise $8.1m in gross proceeds that will be used partly for the pre-commercialisation / commercialisation of aldoxorubicin and partly for working capital and general corporate purposes.
The placement will include 19.2 million shares of the company’s common stock at a price of $0.42 a share. The net proceeds from the placement are estimated to be $7.4m.
Australian-based natural, evidence-based skin care and health products developer, Bod Australia, has signed an exclusive distribution agreement with Belgium-based plant-based pharmaceutical products developer, Tilman S.A.
As part of the agreement, Bod Australia will distribute Tilman’s product named Flexofytol within Australia and Asia under the former’s brand name.
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By GlobalDataBod Australia will also hold first right of refusal on distribution of Tilman’s products throughout Australia and Asia, under the agreement.
US-based pharmaceutical company Kite Pharma has an agreement with Vitruvian Networks, a cell and gene therapy software and analytics platform company based in the US.
The two companies will develop software to support commercial availability of T-cell therapies, as part of the agreement by contributing resources and experience.
Chinese pharmaceutical company Xiangxue Pharmaceutical has announced its intention to form a joint venture (JV) in Guangzhou city with an undisclosed individual and a Guangzhou-based investment company.
With a 46% stake, Xiangxue Pharmaceutical will invest ¥4.6m ($0.66m) in the new JV, which will be engaged in research and development (R&D) and production of in vitro diagnostics (IVD) products.
