Skip to main content
Premium Trial:

Request an Annual Quote

Hybrigenics Posts 17 Percent Jump in Revenues from Protein Interaction Business

Premium

This story originally ran on Feb. 1.

French biotech firm Hybrigenics this week reported €6.6 million ($8.7 million) in revenues for 2011, up 45 percent from €4.5 million in 2010.

Of that, €4.1 million came from the firm's proteomics and protein interaction services division Hybrigenics Services, representing a 17 percent increase over the €3.5 million in sales the division reported for 2010.

The remainder of Hybrigenics' 2011 revenues came from its pharma division, which reported revenues of €1.89 million, a 373 percent spike from €400,000 in 2010. This jump was driven mainly by the signing of a collaboration contract with pharma firm Servier exploring de-ubiquitinating enzymes as drug targets (GWDN 10/11/2011).

Hybrigenics' services division has traditionally provided the bulk of the company's revenues and over the last five years has posted average compounded growth of 14 percent per year, the company said in a statement.

The business uses yeast two-hybrid systems to discover novel protein interactions in cells, validate protein interactions, and study the inhibition of interactions between proteins. Its clients include firms like Pfizer, GlaxoSmithKline, and L'Oreal, as well as academic customers like Harvard and Johns Hopkins University.

In 2010, the company created Hybrigenics Services as a fully-owned subsidiary housing its services business (PM 7/9/2010).

The Scan

Taking Stock of the Stockpile

The US and European countries are evaluating their smallpox vaccine stockpiles as the number of monkeypox cases increases, the Washington Post reports.

Vitamin D From Tomatoes

According to Reuters, researchers in the UK have gene-edited tomatoes so their fruit contains vitamin D.

Cause Not Yet Spotted

NPR reports that a new study was unable to find a cause for persistent long COVID symptoms.

PNAS Papers on Central African Hunter-Gatherers, Myopia Development, Ancient Microtia Allele

In PNAS this week: population patterns among Central African hunter gatherers, effect of myopia-linked gene variant, and more.