Biovitrum to spin out Cambridge Biotechnology

Published: 22-Jan-2009
Media Ingredients Research & Development Pharmaceutical

Biovitrum, a Swedish pharmaceutical company, aims to spin out its small molecule UK-based r&d subsidiary Cambridge Biotechnology (CBT) and a range of primary care projects.


Biovitrum, a Swedish pharmaceutical company, aims to spin out its small molecule UK-based r&d subsidiary Cambridge Biotechnology (CBT) and a range of primary care projects.

The proposed transaction reflects Biovitrum's previously announced decision to focus its in-house r&d on specialist pharmaceuticals and protein therapeutics.

The CBT r&d pipeline includes a Phase II neuropathic pain project; Phase II and Phase I obesity projects, as well as a leptin mimetic candidate drug in obesity; and one pre-clinical and four pain and inflammation discovery programmes.

"CBT has a highly competent and successful stand-alone internal r&d organisation based on solid technologies and know-how," said Biovitrum ceo Martin Nicklasson.

"Biovitrum will now continue its efforts on bringing valuable new medicines to people with high medical needs by focusing on specialist pharmaceuticals," he added.

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