The world’s most influential scientists from Iceland


Although Iceland is the most sparsely populated country in Europe, it is among the top in the world regarding GDP, human development and scientists in life sciences. In a recent report, 14 researchers from Iceland were included among the most influential scientists in the world, an indicator of the growing strength of the Icelandic scientific commu...

EpiEndo Pharmaceuticals to advance respiratory treatment with €800k fundraising


EpiEndo Pharmaceuticals received €800k (ISK 110 million) in capital from Icelandic funds, including Brunnur Ventures and existing shareholders. This fund will be used to develop the treatment called “Barriolides” of Chronic Obstructive Pulmonary Disease (COPD). COPD is a common respiratory disease with over 70 million patients globally. Besides res...

Oculis raises a total of $15.5m in an extension of a Series-B


Oculis, an Iceland-based biotechnology company developing the topical treatment for eye conditions, recently announced the successful fundraising of 15.5-million CHF (equivalent to 15.5-million USD) in an extension of its Series B financing round. This round was led by Tekla Capital Management (Boston) and included the contribution of Nan Fung Life...

Florealis introduces a new herbal remedy for urinary tract infections


Florealis - an Icelandic pharmaceutical company – has introduced Lyngonia, a non-antibiotic herbal remedy against urinary tract infections (cystitis). Annually, there are around 150 million women worldwide suffering from the attack of repeated urinary tract infections. Antibiotics are the treatment that is usually prescribed for cystitis. However,...

Alvotech & Changchun High & New Technology enter into Joint Venture


Biopharmaceutical company Alvotech and Changchun High & New Technology (CCHN) have entered into a joint venture. Alvotech, headquartered in Iceland, is developing biosimilar monoclonal antibodies and is the sister company of Alvogen – a global leader in developing, manufacturing and selling generic, brand, over-the-counter and biosimilar products....

Kerecis Partners with MedStar Health Research Institute


Kerecis, an Icelandic medical device company, and MedStar Health have announced a partnership to begin an Investigational Device Exemption trial on burn wounds using their fish-skin product. This partnership will include a feasibility trial aimed at obtaining FDA approval for a full-fledged clinical trial in the near future. A full clinical trial w...

Icelandic Health Tech Company Wins Nordic Startup Awards


At the 2018 Grand Finale of the Nordic Startup Awards in Copenhagen, the Icelandic health-tech company Kara received the People’s Choice Award, beating out startups from across the Nordics. In addition to winning the People’s Choice Award, Kara was nominated for three additional categories. In April 2018, Kara completed a $1.5m USD (180-million ISK...

Iceland as a Location for US and FDA Clinical Trials


As of November 2018, there are over 40 clinical trials taking place in Iceland and registered with the NIH U.S. National Library of Medicine. These trials are structured to collect data for US-filing purposes and include those recruiting, enrolling by invitation, and active, but no longer recruiting. The types of trials include medical device, proc...

Virtual Reality Health-Tech Company Receives Nordic Recognition


FLOWVR was founded by meditation experts, visual artists, and technologists with the mission to combine cutting-edge virtual reality (VR) with meditation and mindfulness tools by leveraging the SAMSUNG Gear VR. FLOWVR is working with companies to help their employees de-stress and improve their mental health. Studies indicate that annual productivi...

Pharmaceutical R&D Investments on the Rise in Iceland


Investments in research and development manufacturing within the pharmaceutical industry are continuing to increase in Iceland, including those from Novartis, Alvotech, and Coripharma. According to Frumtök, the Icelandic Association of the Pharmaceutical Industry, Novartis has contributed over 160m ISK over the previous three years. Contributing to...

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