- Xenova nets £19.4mm in private UK and US placements
- Antisoma nets £14.1mm
- Lorantis raises £25mm in third round
- Intercell AG grosses €30mm with Series C round
- Sinclair Pharma closes £8.9mm IPO
- CeNeS acquires TheraSci Ltd. for £3.7mm
- CeNeS, Elan form pain drug delivery JV; terminated
- Glaxo, SmithKline merge
- CeNeS acquires products from Glaxo Wellcome
- Waymade Healthcare gets 3 drugs from CeNeS
- Xenova Group acquires KS Biomedix for up to £13.7mm
- DeveloGen and Peptor arrange merger of equals
- Peptor enters diabetes collaboration with Aventis; ends
- Curacyte and VitaResc merge operations
- German biotechs DeveloGen and HepaVec are merging
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