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Durham's acne drug developer raises $50M, partly from Jim Goodnight

2015-03-31 05:53:05| Biotech - Topix.net

The financing comes from a group that includes new investor Malin Corporation in a fund backed partly by billionaire SAS founder Jim Goodnight and brings new board members G. Kelly Martin , former CEO of Elan Corp. , and Sean Murphy , former head of M&A and business development for Abbott Laboratories , to help oversee the investment. "We believe the promise of Novan's pipeline and our advancement toward commercialization enabled us to attract strong participation in this round, leading us to close at twice the original target of $25 million," says Neal Hunter , Novan's founding investor and chairman.

Tags: drug jim developer partly

Rail passengers on South West Trains to benefit from 50m improvements

2015-03-27 01:00:00| Railway Technology

The UK Department for Transport (DfT) has signed an agreement with Stagecoach, in a bid to deliver a 50m package of improvements on South West Trains.

Tags: west south benefit improvements

EIB grants 50m loan to support rehabilitation of railway tracks in Austria

2015-03-10 01:00:00| Railway Technology

The European Investment Bank (EIB) has signed a loan agreement with Austria-based Swietelsky Baugesellschaft to provide a 50m loan for supporting the rehabilitation and maintenance of the country's railway tracks.

Tags: support austria tracks loan