@ Newsroom | SEBIO

Mayne Pharma Acquires Rights to a Portfolio of Dermatology Foam Products Including Fabior® and Sorilux®

Posted by on Aug 19, 2016 in Newsroom | 0 comments

GREENVILLE, N.C. – Mayne Pharma (ASX: MYX) is pleased to announce it has acquired a portfolio of on-market dermatology Foam Assets from GSK for US$50.1 million. The Foam Assets include US rights to Fabior and Sorilux, Canadian rights to Luxiq® and Olux-E® and Mexican rights to betamethasone foam. Under the terms of the agreement Mayne Pharma will acquire the approved regulatory filings, trademarks, marketing materials, select product inventory, related medical and technical data and will acquire or obtain licenses for related patents. Fabior (tazarotene) Foam, 0.1% is a...

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Merz Acquires Aesthetics Medical Device Company ON Light Science

Posted by on Aug 16, 2016 in Newsroom | 0 comments

RALEIGH, N.C. – Merz North America announced today it has expanded its aesthetic portfolio through the acquisition of ON Light Sciences, Inc. – a U.S. medical device company developing technologies to enhance laser-based dermatologic procedures, including the FDA 510(k) cleared and CE marked DeScribe® Transparent PFD (perfluorodecalin)patch used in laser tattoo removal. “The addition of ON Light Sciences’ innovative technology allows us to better meet the needs of aesthetic practices that focus on energy-based devices,” said Philip Burchard, CEO of Merz Pharma Group. “We...

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S.C. Dept. of Commerce partners with SCBIO to attract more life sciences

Posted by on Aug 12, 2016 in Newsroom | 0 comments

COLUMBIA, S.C. – A new partnership between the state and a life sciences trade organization could usher in a new era in biotechnology growth in the Upstate and South Carolina. The South Carolina Biotechnology Industry Organization (SCBIO) will work with the South Carolina Department of Commerce on a strategic plan that includes attracting more life sciences sectors to the state, says Wayne Roper, president of SCBIO, which was formed in 2004 and became a self-sustaining membership-driven trade association six years ago. “We have the expertise and the interest in developing the job,”...

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French Firm Buys Morrisville’s kSep for $28M

Posted by on Aug 12, 2016 in Newsroom | 0 comments

MORRISVILLE, N.C. – kSep Systems, a small Morrisville medical device company, has been purchased by French biopharmaceutical equipment supplier Sartorius Stedim Biotech (SSB) for $28 million. The privately owned kSep was formed in 2011 as a spinoff of Durham-based KBI Biopharma, which was itself acquired in 2015 by JSR Group, CMIC Holdings and Inovation Network Corporation of Japan. SSB said it would keep the company’s five employees and continue operations from the Morrisville site. kSep has developed and markets single-use, fully automated centrifugation systems used for...

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Chapel Hill’s Bamboo acquired by Pfizer in deal worth up to $645 million

Posted by on Aug 1, 2016 in Newsroom | 0 comments

CHAPEL HILL, N.C. – Gene therapy startup Bamboo Therapeutics has been acquired by pharma giant Pfizer (NYSE: PFE) in a deal that could be worth up to $645 million. Bamboo shareholders received $150 million up front, and could be in line for another $495 million depending on milestones. Earlier this year, Pfizer had acquired 22 percent of Bamboo’s fully diluted equity for $43 million. Bamboo has fewer than 40 employees, and nearly all have been offered positions within Pfizer, according to a Pfizer spokesman. Bamboo is developing potential treatments for rare diseases related to...

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SCBIO, Department of Commerce form partnership

Posted by on Jul 29, 2016 in Newsroom | 0 comments

GREENVILLE, S.C. – The S.C. Department of Commerce and the S.C. Biotechnology Industry Organization (SCBIO) are partnering to grow the life sciences industry in the Palmetto State. The partnership, announced Thursday, will kick off with a study of the existing companies and assets within the industry statewide, lasting nine months. That study will include visits to companies and suppliers in South Carolina, according to a release. The partnership aims to grow the industry and create more biomedical jobs in South Carolina. The public agency and private industry group will “commit...

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