Sector News

Ferring buys BioSET’s orthobiologics

February 19, 2015
Life sciences
Ferring Pharmaceuticals has acquired the assets of the USA’s BioSurface Engineering Technologies (BioSET), including two Phase III-ready ‘orthobiologics’ designed to improve bone repair.
 
The candidates in question, Amplex and Prefix, are based on “a unique biomimetic peptide designed to enhance the body’s own natural mechanisms of bone repair”, Ferring says. They will be investigated for fusion in foot/ankle and lumbar spine surgical procedures, respectively.
 
Orthopaedics has become a key area for Ferring since the 2005 launch of Euflexxa (1% sodium hyaluronate) for knee pain and buying the BioSET portfolio builds on that. Chief operating officer Michel Pettigrew said that “by developing new orthobiologic products for joint fusion, we will expand and diversify our offering to include innovative solutions for orthopaedic surgery”.
 
No financial terms have been disclosed. Switzerland-headquartered Ferring noted that each year some two million procedures involving bone graft materials, including 700,000 fusions, are performed in the USA alone.
 
By Kevin Grogan
 
Source: Pharma Times

comments closed

Related News

April 20, 2024

CureVac and MD Anderson Cancer Center partner to develop new cancer vaccines

Life sciences

CureVac and the University of Texas’s MD Anderson Cancer Center have announced a co-development and licensing agreement to develop novel messenger ribonucleic acid (mRNA)-based cancer vaccines. The strategic collaboration will focus on the development of differentiated cancer vaccine candidates in selected haematological and solid tumour indications with high unmet medical needs.

April 20, 2024

FUJIFILM plans $1.2 billion investment in major US manufacturing facility

Life sciences

FUJIFILM Corporation is planning to invest $1.2 billion to expand the planned FUJIFILM Diosynth Biotechnologies manufacturing facility in Holly Springs, North Carolina, US. This news follows the organisation’s announcement of a $2 billion investment in the facility in March 2021. This additional financial boost totals the investment to over $3.2 billion, FUJIFILM confirmed.

April 20, 2024

Sanofi cuts staff in Belgium as early-stage research dwindles

Life sciences

Sanofi’s global restructuring and downsizing is now fully underway, with layoffs stretching to the company’s Belgian offices. Belgian newspaper De Tijd reports that 67 employees have been laid off at a site in Ghent and 32 jobs are on the chopping block at Sanofi’s Belgium HQ in Diegem.

How can we help you?

We're easy to reach