BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Zeltia Group (18494051.MA) To Invest 155 Million Euros In Drug Units PharmaMar S.A. And Neuropharma, S.A.U.


10/19/2005 5:09:05 PM

MADRID, Aug 4 (Reuters) - Spanish chemicals and biotech company Zeltia (ZEL.MC: Quote, Profile, Research) said on Thursday it will invest 155 million euros ($190.9 million) until 2007 in its fledgling pharmaceutical units PharmaMar and Neuropharma. The money will come from capital increases already completed, the sale of non-strategic assets and from Zeltia's chemical subsidiaries. Zeltia's marine biotech unit PharmaMar will receive 114.3 million euros and the rest will go to Neuropharma. PharmaMar is developing a number of cancer treatments but none has yet been approved for sale. It receives some funds from U.S. multinational Johnson & Johnson (JNJ.N: Quote, Profile, Research) under a deal covering the drug Yondelis that PharmaMar is developing.

Read at Reuters

Reuters
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES