Nuala Moran

In a landmark deal for Asia, the first takeover of European biotech firms by a counterpart in Singapore has been finalised.

The European Commission adopted new rules for investing public money in small private companies that it says will make it easier for start-ups to raise risk capital.

The GREAT Consortium has been set up to design a mass market receiver for Galileo, Europe's new global satellite navigation system that is due to come into operation in 2012.

The UK government said it will contribute £16 million to a £32 million programme aimed at ensuring the safe operation of unmanned aviation vehicles (UAV) in civil airspace.

New approaches are needed for predicting the safe dose of novel drugs that are designed to interact with highly specific human targets because existing preclinical toxicology studies may be inadequate.

China has now set its sights on developing its scientific prowess in the same way - and at the same rate – as it has modernised its economy.

Two companies that began life in laboratories at Cambridge University have merged to form a new medical diagnostics company, to be called Pronostics Ltd.

Researchers developing compounds designed to prevent allergens from entering the body are seeking investment to move to the next stage of development.

Norwegian researchers want to commercialise an easy-to-use technology that diagnoses the cause of snoring and measures the effectiveness of treatments.

SMEs across Europe are backing to Framework Programme 7 - provided it avoids the funding pitfalls that emerged over the life of its predecessor.