Deinove gets FDA fast-tracked C diff candidate through Biovertis acquisition
Shares in Paris-based biotech Deinove (Euronext: ALDEI) are trading almost a tenth higher for the day on news that it has bought the Austrian firm Biovertis, through a ‘contribution in kind’ transaction valued at around 900,000 euros ($1.1 million).
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Biovertis owns German company Morphochem, whose antibiotic candidate MCB3837 is about to enter Phase II testing as a treatment for severe clostridium difficile gastrointestinal infections (CDI).
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