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Pharmaceuticals

Tyneside pharma firm Shield Therapeutics appoints new US-based CEO
Appointments
The company said Mr Lundstrom’s interim leadership has been instrumental in driving the firm’s growth
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Pharma consultancy Coronado Research creates jobs with Newcastle office launch
Pharmaceuticals
The newly established firm specialises in building models for drug development that can help patients of rare conditions
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Life sciences sector key to driving Welsh economy says Jo Stevens
Wales
The Welsh Secretary has held talks with key figures from the sector in Wales that employs more than 12,000
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Welsh firms underperforming on research and development spending
Enterprise
While Welsh firms make up around a 5% of the º£½ÇÊÓƵ population there share of R&D spending is just 1.7%
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Alliance Pharma accepts £350m takeover bid from DBAY Advisors
By City AM
The AIM-listed firm has had its board recommend the takeover unanimously by asset manager DBAY Advisors
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Morson Group grows specialist engineering arm with deal for Orange Solutions
North West
'As part of the Morson Group, we will continue to build on our reputation'
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Cramlington's Merit recruits 18 new apprentices to train up next generation
Employment
As well as getting training and experience the recruits are also guaranteed job security after completing the apprenticeship
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Dairy company that sells to Waitrose and Sainsbury's to create jobs after securing £750k
Deals
The Somerset creamery has relocated to a bigger facility and is planning to boost production
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Northumberland's Sterling Pharma Solutions sees signs of market recovery after challenging year
Company Results
The company is overcoming post-Covid challenges and has continued to invest and take on more staff in the last year
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North East deals of the week: key contracts, investments and acquisitions
Deals
This week's round-up includes Hitachi Rail, BSF Enterprise, Sore Paws, AMLo Biosciences, MTL Projects and Mark Thompson Lifesciences and Newcells Biotech
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Tyneside pharma firm Shield Therapeutics seeks to raise $10m through subscription by largest investor
Deals
The Newcastle company has signed an agreement with AOP Health International Management AG
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Newcastle biotech business BSF Enterprise raises £500,000 to ramp up strategic growth
Tech
BSF Enterprise plc owns Newcastle University spin-outs 3D Bio-Tissues, Kerato, Lab-Grown Leather Ltd and a Hong Kong subsidiary
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County Durham life sciences firms set to grow after being snapped up by Dutch group
Deals
MTL Projects and Mark Thompson Lifesciences have been sold to Normec Group
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Newcastle's AMLo Biosciences ramps up fight against skin cancer with £1.6m investment
Deals
The Newcastle life sciences pioneer's first product has the potential to save thousands of lives every year as well as reassure thousands of others
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German delegation forges science links with Liverpool City Region
North West
The delegation from Hamburg were given a tour of Sci-Tech Daresbury and discussed the potential for collaboration with the northern Germany life science hub known as Life Sciences Nord
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Astrazeneca reports robust sales growth and upgrades full-year guidance amidst challenges in China
By City AM
The pharmaceuticals giant said it is "committed to delivering innovative life-changing medicines to patients in China" despite the ongoing situation
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FTSE 100 climbs sharply as US-focused º£½ÇÊÓƵ firms benefit from Trump's presidency
By City AM
The FTSE 100 surged at the open today, and sterling crashed as traders digested how Donald Trump's presidency will impact the global economy and the º£½ÇÊÓƵ
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Newcastle health firm to create skilled jobs with £50m Government-backed investment
Economy
A new state-of-the-art manufacturing facility will be built in Newcastle to supply life saving medicines to the NHS and European health systems
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Budget 2024: North East business leaders react to first Labour fiscal statement in 14 years
The Budget
Business leaders from across the region have delivered their verdict on Rachel Reeves' first budget
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GSK maintains 2024 financial outlook despite profit plunge from Zantac lawsuit settlements
By City AM
The pharmaceutical giant reported a drop in profit due to charges related to the Zantac lawsuits but has reaffirmed guidance and said its core outlook remained unchanged.
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York's Aptamer Group hails commercial traction after narrowing losses in challenging conditions
Company Results
'We have underscored the growing demand for Optimer technology' says CEO Arron Tolley
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SkinBioTherepeutics completes second acquisition with deal for Yorkshire firm BTS
Deals
The Newcastle life sciences firm said the acquisition showed how it was transforming its business
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GSK resolves Zantac cancer claims with a £1.7 billion settlement, boosting shares
By City AM
The pharmaceutical giant has agreed to a $2.2bn (£1.68bn) settlement to resolve lawsuits in the US alleging that the company's Zantac heartburn drug had caused cancer
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The Geordie businessman who has returned to inspire the region's young people into entrepreneurship
People
Tom Keighley speaks to Rob Wood about the Enterprising Futures Academy he has set up in the city
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