Basilea Pharmaceutica, a spin-off from Switzerland pharmaceutical company Roche, has sold eczema drug Toctino to Stiefel, part of GlaxoSmithKline for £146m ($228.4m) upfront payments and up to £50m in milestone payments. Basilea was founded in 2000 as a spin from Swiss pharmaceutical group Roche and it went public on the SIX Swiss Exchange in 2004.… Continue reading Basilea Pharmaceutica sells drug to GSK’s Stiefel
Month: June 2012
Sainsbury’s turns the page for Anobii
UK-based supermarket chain Sainsbury’s takes a stake in Anobii, replacing HMV, as majority owner, joining publishers HarperCollins, Penguin and Random House Group as an owner.
NS Solutions leads Openet to $21m
The Japan-based information technology solutions provider owned by Japan-based company Nippon Steel, backs the Ireland-based transaction management software company alongside firms like Balderton Capital
Takeda finds path to early-stage ideas
Takeda New Frontier Science (NFS) aims to build relationships with academics and entrepreneurs developing disruptive ideas to improve patients’ lives.
Takeda shakes up external innovation
Juan Harrison has moved from Takeda Ventures (TVI) to head up New Frontier Science (NFS), while Ilan Zipkin and Gordon Wong join.
J&J sets up four centres
Johnson & Johnson is setting up four innovation centres in California and Boston in the US, in the UK and in Shanghai, China.
The Big Deal: Isentropric meets ETI
It is always interesting to see more organisations with corporate links getting involved in venture investing. Last week, the latest entrant to early stage investing was UK-based public-private partnership Energy Technologies Institute, which made its first equity investment in a private company by backing UK-based energy storage business Isentropic with £14m ($22m). The Energy Technologies… Continue reading The Big Deal: Isentropric meets ETI
Rhythm pulses to $25m
France-based pharmaceutical company Ipsen is joined backing the US-based diabetes and obesity treatment company by venture firms MPM Capital, New Enterprise Associates, and Third Rock Ventures.
Tesco shops for We7
UK-based supermarket group Tesco buys the UK-based personalised internet radio service which was backed by Qualcomm Ventures last year.
Qualcomm pumps up AliveCor
Qualcomm’s corporate venturing unit backs the US-based maker of mobile applications for heart monitoring, for a second time.
Corporates hold their nerve
In a difficult month for global markets, with big slides and volatility in equity markets as concerns grow around the eurozone crisis, corporate venturing groups are confident. Global Corporate Venturing tracked 67 investments worth $1.39bn in May. This was down against the 83 worth $1.46bn in April and the 80 in May last year worth… Continue reading Corporates hold their nerve
Cisco identifies triple helix model for innovation
Anne Lange, director of the global public sector at Cisco’s internet business solutions group, says: “The knowledge-based economy puts a
stronger emphasis on the value of knowledge capital and access to primary sources of innovation. It forces academics, politicians and businesses to shape new collaborations and decrypt, together, these complex ecosystems.”
Arabs aim for a richer ecosystem
Islam’s 500-year golden age of art, science, medicine and philsophy until the sack of Baghdad in the 13th century was built on a merchant economy of trade links between Africa, Asia and Europe.
Symposium round-up
This article features some of the notable points and soundbites from the 39 keynotes and panel discussions at the Global Corporate Venturing Symposium 2012. For the transcripts and slides (where available) of the presentations, please click on the links.