Since the 2009 enactment of the Biologics Price Competition and Innovation Act (BPCIA) (1), the US Food and Drug Administration (FDA) has licensed six biosimilar products under PHS 351(k) and approved one product under FD&C 505 (b)(2). It also provided complete response letters (CRLs) to four biologics license application (BLA) filings (Table 1) (2). By comparison, the European Medicines Agency (EMA) has approved 31 biosimilar products (3) and refused or withdrawn about five. There is no doubt that US market…
Tuesday, January 16, 2018 Daily Archives
PharmaFluidics Raises 7.3 Million Euro to Expand Commercialization of Novel Microchip Device for Biomarker, Diagnostics and Drug Development Applications
PharmaFluidics NV announced in January that it has raised 7.3 million euro. The company will focus on intensifying international growth, supported by initial, promising sales. The financing came from investors including holding company FPIM-SFPI, and family offices Heran (Annie Vereecken) and RMM (Rudi Mariën). The existing investors PMV, Qbic, Theodorus, Innovation Fund and Volksvermogen reaffirm their confidence in the company and also participated in this financing round. The VUB spin-off has a unique technology, the µPACᵀᴹ column series, which offers…