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TG Therapeutics Lands Partner to Market MS Drug in Europe and Beyond – MedCity News

TG Therapeutics Lands Partner to Market MS Drug in Europe and Beyond – MedCity News

A TG Therapeutics multiple sclerosis drug that’s new to the U.S. market will be commercialized in Europe and other regions under a partnership that pays the biotech $140 million up front. According to deal terms announced Tuesday, Neuraxpharm’s payment gets it an exclusive license to commercialize the drug, Briumvi, outside of the U.S. for relapsing...

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Europe Imposes Maximum Fine on Illumina for Early Grail Acquisition – MedCity News

Europe Imposes Maximum Fine on Illumina for Early Grail Acquisition – MedCity News

Illumina closed its acquisition of liquid biopsy company Grail before a European Commission (EC) inquiry of the deal concluded. For that premature action, the commission on Wednesday imposed a €432 million fine—the maximum amount allowed under its rules. The commission contends both Illumina and Grail breached the standstill obligation of European Union merger law, which...

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As VC Funding Slows To A Crawl, Where Now For Europe’s Startups?

As VC Funding Slows To A Crawl, Where Now For Europe’s Startups?

Spooked by global uncertainty, and recent bank failures, VCs are playing extremely cautiously Shutterstock First-quarter figures confirmed what most of us already knew; that VC funding in Europe, as in much of the world, is undergoing a serious correction. In Q1, European startups raised just $10.6bn, down 18% QoQ and 66% YoY. Spooked by global...

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On The Move: New Fund Backs Europe’s Migrant Founders

On The Move: New Fund Backs Europe’s Migrant Founders

Ramzi Rafih of No Label Ventures No Label Ventures “Every migrant is an entrepreneur,” says Ramzi Rafih, founder of No Label Ventures. “Immigrants are entrepreneurs and they create jobs.” There’s certainly no shortage of statistical evidence to suggest that immigrant entrepreneurs – for whatever reason – tend to outperform when it comes to building businesses....