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| Today's Top Story |  |  | | | Health Care & Policy | | | | - Bayer, Onyx submit cancer drug Nexavar for U.S., EU approval
Bayer HealthCare and Onyx Pharmaceuticals have filed regulatory applications with the FDA and the European Medicines Agency for approval to market Nexavar, or sorafenib, as a treatment for locally advanced or metastatic radioactive iodine-refractory differentiated thyroid cancer. The applications were based on data from a late-stage trial showing that the drug significantly improved progression-free survival compared with a placebo. Pharmaceutical Business Review Online (7/2)       | Company & Financial News | | | | - Protagen turns to diagnostics development after sale of subsidiary
Venture capital fund Zukunftsfond Heilbronn agreed to acquire Protagen Protein Services, a subsidiary of Protagen. Protagen Protein provides protein analysis and services related to biopharmaceuticals and biosimilars. "The capital injection generated by this transaction is a solid midterm financing opportunity for the Protagen strategy in the area of novel diagnostics, i.e. Dx and CDx, and enables [the company] to start the development of [its] own products for this growing market immediately," Protagen CEO Stefan Müllner said. GenomeWeb Daily News (free registration) (7/2) | Food & Agriculture | | | | | Industrial & Environmental | | | | - Energy Department commits $4M to Virent
Virent was awarded a Department of Energy grant worth up to $4 million to further its research on converting plant biomass into fuels. The focus of Virent's three-year undertaking is biomass from loblolly pine trees and corn stover. Virent's is among the four funding grants worth a combined $13 million issued recently by the department to biofuel initiatives. Wisconsin State Journal (Madison) (7/2)  | |  | | The Buzz(CORPORATE ANNOUNCEMENTS)
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| News from BIO | | | | - Save on energy costs through BIO's newest cost-savings program
BIO has recently aligned with APPI Energy, an energy consulting firm, to assist member companies with reducing their energy expenses. APPI Energy, the preferred energy consultant of 140 trade associations and chambers of commerce nationwide, provides solutions to reduce electricity and natural gas costs at no risk or obligation to member companies. Through this program, APPI Energy offers specialized energy cost reduction services, including the identification of reliable and competitive energy suppliers for member companies and the obtaining of competitive bids from the preferred suppliers in deregulated energy markets. Learn more.
| Editor's Note | | | | - SmartBrief will not publish Thursday
In observance of Independence Day in the U.S., SmartBrief will not publish Thursday. Publication will resume Friday. | SmartQuote | | | |  | Do not go where the path may lead, go instead where there is no path and leave a trail."
--Ralph Waldo Emerson,
American writer  |
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