Organization: Pfizer Inc

SGC launches third phase with $49.9 million in funding

The Toronto-based Structural Genomics Consortium (SGC) has received $48.9 million to launch its third four-year phase. The funding is 30% less than in previous phases due primarily to the closure of the SGC laboratory at Karolinska Institutet in suburban Stockholm last June. The funding — 45% of which comes from commercial entities — will support…

Xenon Genetics seals major private placement

Xenon Genetics Inc has closed a $70-million private placement with an international syndicate of institutional, venture capital and pharmaceutical firms that it contends is the largest to date for an independent Canadian biotechnology firm. The funding will be used to advance its various drug discovery programs, develop its global network of clinical populations and databases,…