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Vienna International Health and Pharmaceutical Industry News

Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan

An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.

March 8, 2018

Life Sciences Field is Booming in Vienna

Nine percent revenue growth, five percent increase in the workforce and a large increase in business startups - Vienna as a location for life science businesses is attracting companies at a rate never seen before.

October 14, 2015

Valneva Completes EUR 45 Million Capital Increase

The listed biotechnology company Valneva SE announces the completion of its capital increase with shareholders preferential subscription rights launched on January 12th, 2015. Valneva estimates net proceeds of EUR 42 millions from 18.2 million offered new shares. The new ordinary shares will be traded on Euronext and on the Prime Market segment of the Vienna Stock Exchange. The financing will mainly be used for the acquisition of Crucell Sweden AB and all assets, licenses and privileges related to Dukoral.

February 4, 2015

Pfizer's Agreement To Acquire Baxter’s Portfolio Of Marketed Vaccines Includes Facility in Austria

Pfizer Inc. announced that it has entered into a definitive agreement to acquire Baxter International Inc.’s portfolio of marketed vaccines for $635 million. As part of the transaction, Pfizer will also acquire a portion of Baxter’s facility in Orth, Austria, where these vaccines are manufactured.

August 1, 2014

Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.

June 26, 2014

Semperit AG Holding: High Ethical and Social Standards at Sempermed in Thailand

The Semperit Group is committed to high ethical and social standards as well as good working conditions for all its employees around the world. An independent audit carried out to verify adherence to the Code of Conduct of the Business Social Compliance Initiative (BSCI) shows that this also applies to the Siam Sempermed glove production facilities in Hatyai, Thailand.

June 6, 2014

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

Austria: Government Agrees on Stimulus Package

Startled by construction company Alpine’s insolvency, the Austrian government has agreed on the fiercly discussed stimulus package. An amount of € 800m is required additionally.

June 25, 2013

Austria: Biggest Investor in Serbia

Serbia encourages Austrian enterprises to further invest in Serbian industries.

May 16, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

EU’s Austerity Cuts Adverse to Health

EU’s austerity measures negatively affect citizen’s health, is the result of a health study carried out by “The Lancet”. The Commission was supposed to examine the political effects.

March 27, 2013

Strikes Paralyze Poland

Protests against government’s changes in education, social and labor policy.

March 27, 2013

Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison

Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.

March 6, 2013

Latvia: Drop in Industrial Productivity by 3.5 %

Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %

March 6, 2013

Slovakia: Gross Domestic Product Rose in Q 4 of 2012

Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.

March 6, 2013

Austria at Medical Fair Asia 2012

Top medical products “made in Austria” at MEDICAL FAIR ASIA and MEDICAL MANUFACTURING ASIA 2012 from September 12 2012 to September 14 2012 in Singapore.

August 20, 2012

U.S. Forest Laboratories Cooperates with Nabriva

The U.S. pharmaceutical company provides funds of $ 25m to the Austrian Nabriva and secures pre-emptory rights.

June 2, 2012

Baxter Enlarges Viennese Site

The U.S. pharmaceutical group makes investments of € 30m in Vienna. The start of operation of a new production facility is planned in 2014.

May 18, 2012

Intercell Completes Equity Private Placement

The Austrian pharmaceutical company raises funds of € 15.2m at a price of € 2.30 per new share - bringing total volume of combined debt and equity financing to € 35.2m.

May 15, 2012

Intercell Remains in the Loss Area

The Austrian pharmaceutical company recorded a net loss of € 8.1m in the first quarter of 2012 after € 11.3m in the first quarter of 2011.

May 8, 2012

Canadian Valeant Buys Assets of Gerot Lannach

The Austrian drugmaker Gerot Lannach sells its acetylsalicylic acid business in Russia. The sale price amounts to $ 185m.

March 13, 2012

Sanochemia Announced Scanlux Market Entry in Columbia

The Austrian pharmaceutical company announced the market entry of Scanlux in Columbia. Further approvals are targeted in Costa Rica, El Salvador, Venezuela and Paraguay.

March 7, 2012

Intercell Does Not Leave the Loss zone

The Austrian pharmaceutical company announces preliminary full year 2011 financial results. Losses totaled € 29m.

March 6, 2012

Slight Improvement in Sanochemia´s Results

The Austrian pharmaceutical company could increase sales by 12% in the first quarter of 2011/12. Sanochemia could reach small profits again.

February 15, 2012

Intercell Plans to Achieve Turnaround in 2014

The Vienna-listed pharmaceutical company Intercell expects to return to the profit zone in 2014.

February 6, 2012

Slightly Positive Results at Sanochemia

The Austrian pharmaceutical company raised revenues by 26%. Profits amount to € 0.7m.

January 26, 2012

Too Little Competition for Energy and Pharmaceuticals

According to the Austrian institute of economic research (WIFO), electricity, energy and pharmaceuticals are too expensive.

January 2, 2012

New Chairman for Intercell’s Supervisory Board

Thomas Szucs succeeds Michael Gréco who remains on the Supervisory Board of the Austrian pharmaceutical company.

December 30, 2011

Sanochemia Achieves Turnaround

The Austrian pharmaceutical company could turn net results and EBIT into the profit zone. Sales were up too.

December 19, 2011

Intercell Receives Approval for Vaccine in India

The Austrian pharmaceutical company achieved an important milestone in the roll-out of its Japanese Encephalitis vaccine in endemic countries.

November 10, 2011

Intercell Still Reports Losses

The Austrian pharmaceutical company could reduce its net losses from € 50.8m to € 20.62m. For the full year the net loss expectations ranges up to € 40m.

November 8, 2011

Full Order Books For VTA

The Austrian water technology company expects a substantial rise in sales for 2012. Recently an order from Indonesia has been recorded.

October 30, 2011

Intercell Continues Development of Vaccines

The Austrian pharmaceutical company announces first data from its Phase I clinical trial with vaccine candidate to prevent Clostridium difficile infections.

October 24, 2011

Intercell: EU Invests € 30m in Research Program

The Austrian pharmaceutical company will receive co-funding for a collaborative research project from the European Union.

September 29, 2011

Intercell Looking for Private Equity Shareholder

According to Bloomberg, the Austrian pharmaceutical company negotiates with potential investors in order to strengthen the equity base.

September 27, 2011

Sanochemia´s Purchase of Alvetra & Werfft Completed

The Austrian pharmaceutical group acquires the former subsidiary again for € 5.2m.

September 21, 2011

Intercell Successfully Completes Vaccine Study in India

The Austrian biotech company achieved an important step in the licensure process of a vaccine for children.

September 16, 2011

Upper Austrian PAA Laboratories Acquired by GE Healthcare

The Pasching-based cell culture company will combine with the global provider of medical technologies and services. The deal is expected to close in the third quarter.

August 18, 2011

Intercell: Restructuring Is Progressing

Sales of the company’s only product on the market increased by 85% in the first six months of the year. Net loss was down 44.2%.

August 16, 2011

ugichem Closes € 2m Financing Round

The Tyrolean biotech company secured funding from two major investors and a research grant from the Austrian Research Promotion Agency.

August 9, 2011

Intercell Is Looking for Financial Investors

The ailing Austrian biotech company is in urgent need of cash. An acquisition, strategic partnerships and a capital increase are being evaluated.

July 19, 2011

Intercell: “We Will Stabilize Our Share Price”

The Austrian biotech company recorded a dramatic drop in its share price. The CEO remains optimistic and promises stabilization.

June 21, 2011

Intercell to Cut Jobs and Research Budget

The share price plunged by more than 30% after the Austrian pharmaceutical company had announced the termination of a vaccine study.

June 8, 2011

Sanochemia Confirms the Turnaround and Returns to Profitability

Sanochemia reports a profit and puts the focus on market expansion. Revenue increased by 20 percent year-on-year.

May 13, 2011

Intercell: Sale Is No Longer Ruled Out

The new CEO of the Austrian pharmaceutical company, Thomas Lingelbach intends to implement a new strategy for the company. A sale is possible.

May 11, 2011

Lingelbach New CEO for Intercell

Intercell announces new management structure: Thomas Lingelbach appointed new CEO; new Supervisory Board members proposed.

May 5, 2011

Intercell starts a confirmatory clinical study using the Vaccine Enhancement

Intercell starts clinical trial in Pandemic Influenza with its Vaccine Enhancement Patch and provides update to the strategic collaboration with GSK on patches

May 4, 2011

Sanochemia: Capital Increase Disappointing

The Austrian pharmaceutical company could not meet its own expectations regarding the capital increase. A strategic investor bailed out.

April 18, 2011

Intercell: Vaccine Development to Suspend

Update on Phase II/III Clinical Trial of Investigational Staphylococcus aureus Vaccine, V710. The share of Intercell crashed seriously.

April 11, 2011

Intercell Announces next Steps of Development for Pseudomonas Vaccine

Today Intercell AG announced that it has agreed with Novartis to advance Intercell's investigational Pseudomonas aeruginosa vaccine into a confirmatory clinical efficacy trial in ventilated ICU (Intensive Care Unit) patients.

April 2, 2011