Galashiels firm ProStrakan buys Archimedes Pharma for £230m

ProStrakan chief executive Dr Tom Stratford ProStrakan chief executive Tom Stratford said the acquisition would boost its European operations

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Scottish Borders-based drugs firm ProStrakan has underlined its European growth ambitions by buying cancer pain specialist Archimedes Pharma for £230m.

The Reading company's largest product is a fentanyl nasal spray, which is used in the management of breakthrough cancer pain in patients.

It has operations in the UK, France, Germany and Spain.

Archimedes is being sold to ProStrakan by a private company owned by Denmark's Novo Nordisk Foundation.

In 2013 Archimedes recorded revenues of £41m, up by 33% on the previous year.

Galashiels-based ProStrakan, which is a subsidiary of Japanese pharmaceutical company Kyowa Hakko Kirin (KHK), said the transaction "significantly" expanded its presence in Europe.

Chief executive Dr Tom Stratford said: "The acquisition of Archimedes represents a rare opportunity to enhance the scale of our successful European operations by adding a strong portfolio of high-value medicines as well as further strengthening our teams in major European markets.

"Since joining KHK three years ago, ProStrakan has grown from strength to strength, culminating in the delivery of a positive profit contribution for the KHK group in 2013.

"The acquisition of Archimedes is a further step in KHK's strategy of becoming a global specialty pharmaceutical company, as it significantly expands its presence in Europe."

In 2013 ProStrakan generated revenues of £155m, a 20% increase on the previous year.

Among its portfolio is an anti-nausea skin patch for cancer patients which is now available in the US and Europe.

'Good news'

The Scottish Lifesciences Association welcomed the acquisition of Archimedes, describing it as "good news for Scotland".

The industry body's chief executive, Scott Johnstone, said: "This is further evidence of Scotland's ability to develop globally successful life sciences businesses and of the growing importance of this vibrant sector to the Scottish economy.

"The track record of Scottish life sciences companies developing and offering innovative products and therapies speaks for itself and we congratulate ProStrakan - and Archimedes - on this deal.'"

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    Josh Littlejohn (L) and Alice Thompson (second L) founded Social Bite two years ago

    A donation of £5 will pre-pay for a meal at Christmas and a free coffee from Social Bite in the new year.

    Co-founder Josh Littlejohn, 28, from Edinburgh, told the BBC Scotland news website he had hoped to sell 800 vouchers and could not believe he had sold about 7,000 in the first 10 hours of the promotion.

     
  59.  
    12:24: Two people hit by taxi

    Two people have been hurt after being hit by a taxi in Greenock.

    The man and woman were injured after being struck by the taxi in the town's Nelson Street at about 08:30 this morning.

    Police accident sign

    Both were taken to nearby Inverclyde Royal Hospital. Their conditions are not thought to be life-threatening.

    Nelson Street was closed for a short time but has since re-opened.

     
  60.  
    12:18: Festive warning Scottish Fire and Rescue Service

    Tweets: On the 5th day of Christmas: never overload electrical sockets. Be careful with Christmas lights.

    burning plug
     
  61.  
    12:12: Midwives statement

    Midwives Mary Doogan and Connie Wood have made a statement following the ruling by the Supreme Court in London that they do not have the right to avoid supervising other nurses involved in abortion procedures.

    Concepta Wood and Mary Doogan

    They said: "We are both saddened and extremely disappointed with today's verdict from the Supreme Court and can only imagine the subsequent detrimental consequences that will result from today's decision on staff of conscience throughout the UK.

    "Despite it having been recognised that the number of abortions on the labour ward at our hospital is in fact a tiny percentage of the workload, which in turn could allow the accommodation of conscientious objection with minimal effort, this judgment, with its constraints and narrow interpretation, has resulted in the provision of a conscience clause which now in practice is meaningless for senior midwives on a labour ward."

     
  62.  
    Goodbye Ally? BBC Sport Scotland

    Tweets: Ally McCoist's future could be decided at meeting with club's board this afternoon. Full story here

    Ally McCoist
     
  63.  
    12:06: Wood Group pay cut

    A major oil services company has announced a wage cut for contractors for the second time this year.

    Wood Group PSN says the decision's been taken reluctantly, due to the falling oil price as well as high operating costs.

    A Wood Group PSN production technician working on an offshore platform in the North Sea

    Contractors operating onshore and offshore in the UK will see a 10% wage reduction from January following an earlier 10% cut which was announced in May.

    Staff at the company are to have their salaries frozen.

    The news comes in the week that BP announced a similar move to cut contractors pay.

     
  64.  
    11:55: Firm fined over apprentice injury

    An Aberdeenshire firm has been fined £10,000 after a young apprentice was injured when he was struck on the back by a pressurised hose.

    The incident took place in July 2012 when the teenager was working for Alfred Cheyne Engineering Ltd, trading as ACE Winches, in Turriff.

    HSE logo

    Banff Sheriff Court heard the company was pressure-testing hose assemblies when the apprentice, then 16, was hit.

    He was taken to hospital with cuts and bruises but made a full recovery.

     
  65.  
    11:47: Cloudy with showers BBC Scotland Weather Latest

    Quite a cloudy afternoon, with the best of any breaks in the cloud and brightness in the North and East.

    A few light showers for the Northern Isles and north-west and some patchy outbreaks of rain or drizzle on Skye southwards, towards the western central belt and Dumfries-shire. Elsewhere largely dry.

    Much milder than of late; 10-11 Celsius in the south, and 7-9 in the north. A westerly breeze, freshening over the Northern Isles and strong at times around western coasts and hills.

     
  66.  
    11:39: Never miss a Beatt

    Coming up on John Beattie

    John Beattie
    • The latest on the Supreme Court ruling that two Catholic midwives cannot refuse to supervise other nurses involved in abortion procedures.
    • Should there be a time limit on unpaid internships?
    • How to beat the thieves this Christmas
    • And would you be a fisherman?

    Listen from 12:00 on 92-95FM, 810MW, on digital radio or online

     
  67.  
    Email us: newsonlinescotland@bbc.co.uk 11:28: Sheep shearing row - Your views

    George: These people have no clue on the suffering sheep have during extreme hot weather before they are shorn. Sheep become healthier after the wool is removed.

     
  68.  
    11:18: How would you spend £1m? via Facebook

    Jane Park was just 17 when she won £1m with her first ever lottery ticket. On Facebook we've been asking: What would you do with a million pounds?

    Millionaire winner

    Susan Thomas writes that she would use the windfall to help all her family.

    But Gordon Wilson writes "It's about freedom, freedom from worry, bills, etc. you can learn to do anything and fulfil your potential, be the best you can possibly be. That's the real prize."

     
  69.  
    11:08: Payout over 'dirty money'

    An Aberdeen company has paid more than £170,000 under Proceeds of Crime legislation after admitting bribery and corruption in Kazakhstan, the Crown Office has said.

    The Civil Recovery Unit secured £172,200 after a International Tubular Services (iTS) accepted that it had benefited from unlawful conduct.

    The company supports activities for petroleum and natural gas extraction.

    It admitted benefitting from corrupt payments made by a former employee.

     
  70.  
    Text us using 80295 10:58: Christmas debt - Your Views

    Laura: We were brought up to make sure you go into the New Year without debt! All bills were paid by Hogmanay! The phrase cutting your cloth accordingly comes to mind. Far too much emphasis on material possessions! More emphasis should be on spending time together as a family! Christmas is what you make it!

    Anon: I recently managed to pay off my Debt Management Plan, which I had paid for seven years, and still had to hand over over £6,000 from my pension lump sum. Still managed to rack up over £1,000 on my credit card so far.

    Catriona, Ayr: Getting into debt at Christmas is just stupid. Children are better off in a loving happy household than in one stressed by debt. I also think people who struggle to pay off fancy sofas and new furniture are crazy, we made do with second hand stuff until we could buy our fist nice sofa, same with other furniture. Also I've always known that Santa doesn't like greedy children and it's worth telling kids that.

     
  71.  
    10:48: 'Black Eye Friday' warning

    Police in Dumfries and Galloway have urged the public not to turn the night when many people start their Christmas holidays into "Black Eye Friday".

    Black eye

    They have issued a list of advice in an effort to "keep people safe" over the party season.

    It also highlights the consequences of consuming excessive amounts of alcohol.

    Supt Mike Leslie said: "This year, let the last Friday before Christmas, traditionally when people break up for the holidays, be remembered as Festive Friday, and not Black Eye Friday, as people go out to celebrate at office and works parties."

     
  72.  
    10:34: Scots jobless total down 11,000

    Scotland's jobless total fell by 11,000 between August and October to stand at 156,000, according to official figures.

    Jobcentre

    The Scottish unemployment rate is now 5.6%, which is below the overall UK rate of 6%.

    Female employment increased by 21,000 over the quarter to reach 1,288,000 - the highest level on record.

    However, figures from the Office for National Statistics also showed that employment in Scotland fell slightly. It now stands at 2,605,000.

     
  73.  
    Email us: newsonlinescotland@bbc.co.uk 10:29: Your Pictures

    John Dyer sent in this night-time view looking along the River Clyde in Glasgow.

    Clyde Bridge, Glasgow
     
  74.  
    10:15: Wool row

    Animal rights activists are urging consumers to boycott wool products.

    Peta is demonstrating in central Edinburgh this morning claiming sheep endure immense suffering when they are shorn.

    Wool Protestors

    The British Wool Marketing Board says sheep suffer more if they are not shorn and whilst there are occasional cuts during shearing it's similar to when people cut themselves whilst shaving.

    Sheep farmer Hugh Blyth insists every effort is made to make shearing safe and stress free for the animals.

     
  75.  
    09:57: Midwives ruling Eleanor Bradford BBC Scotland Health Correspondent

    Two catholic midwives have been told they do not have the right to avoid supervising other nurses involved in abortion procedures.

    The UK's highest court - the Supreme Court in London - has ruled that Mary Doogan and Connie Wood should have to support staff who are caring for patients having terminations.

    Concepta Wood and Mary Doogan took their case to the Court of Session

    The two senior midwives previously won their case at the Court of Session but their employer, Greater Glasgow Health Board, appealed to the Supreme Court because it said that the women only had a right to abstain from medical treatment which directly ended a pregnancy.

     
  76.  
    09:41: Generous Scots

    Scots are expected to shell out an average £415 on Christmas presents this year, with the country among the highest spenders in the UK.

    That's according to the "Way We Shop Report" from retailer Argos.

    Christmas

    The average UK Christmas present spending is £365, whether that be on the high street, at retail parks or online.

    People in the north east of England are estimated to spend the most on Christmas presents, while those in Yorkshire are the most frugal.

     
  77.  
    09:37: Seeking work Douglas Fraser Business and economy editor, Scotland

    Scots seeking work Aug-Oct: -11k to 156k. 5.6% of workforce (UK 6%). Scots in work -3k. JSA claimants in Nov -2100 to 87,300

     
  78.  
    09:28: After the morning rush BBC Scotland Travel Latest
    • In Edinburgh there has been an accident at Cannongate at New Street.
    • Reports that traffic lights have failed Clydebank on A8014 Kilbowie Road at A82 Great Western Road- Kilbowie Roundabout.
    • Glasgow M8 - Slow traffic westbound between J11 B765 (Queenslie/Stepps Road) and J19 A804 / A814 (Anderston Cross).
    • Annan- A75 partly blocked by an accident between B6357 (Annan) and B721 (Gretna). Police directing traffic.
    • Accident near the Eastriggs turn-off
    • A9 Dornoch Bridge closed to high sided vehicles.
    • Aberdeenshire - snow has closed the B974 between Banchory and Fettercairn but the A93 Glenshee road has re-opened following the overnight closure between Spital of Glenshee and the Aberdeenshire boundary
    • Trains running well, ferries mostly fine but Northlink warning of possible disruption between Stromness and Scrabster due to the weather.
     
  79.  
    09:02: Tune in...

    Morning Call live now - Do you welcome an increase in driving convictions and will it make Scotland's roads safer?

    Morning Call
     
  80.  
    08:47: Love NAT-ually The Scottish Sun

    Scotland's First Minister has delivered her Christmas message to the country - by cloning a scene from festive favourite Love Actually.

    Nicola Sturgeon's Christmas message in Young Scot video

    The video, produced with Young Scot, sees Nicola Sturgeon answer the door to a group of teens who convey a joyful message on a series of placards.

     
  81.  
    08:42: Rangers latest Chris McLaughlin BBC Sport

    BBC Scotland has learned Rangers directors approached the SPFL board in the past few months to discuss payment terms relating to their £250,000 EBT fine.

    Ibrox Stadium

    The league will insist Rangers newco took on the liability as part of the five-way agreement. The club say they are appealing the fine following the news that the league will withhold the cash from its club distribution revenue.

     
  82.  
    08:38: Money, money, money...

    Following on from the Jane Park scoops £1m in the lottery story, we're asking: what would you spend such an eye-watering windfall on?

    A worldwide cruise? Pay off the mortgage and buy a huge country pile? Invest in a recording studio and pen an award-winning album? Invest a modest sum and give the rest to charity?

    Jane Park

    Share your thoughts via text to 80295, email newsonlinescotland@bbc.co.uk, tweet using #ScotlandLive or visit our Facebook page.

     
  83.  
    92-95 FM, 810 MW 08:32: Morning Call BBC Radio Scotland

    Criminal proceedings and convictions for driving are up for the first time in seven years - with a police crackdown on motorists being linked to the increase.

    Driving convictions increase

    Do you welcome an increase in driving convictions and will it make Scotland's roads safer?

    And, with Scotland's insolvency body reporting that more than 1,000 people are being taken to court every day over personal debts, we ask: is Christmas worth falling into debt for?

    Call 0500 92 95 00 or text 80295 to let us know what you think. Listen to the programme live here.

     
  84.  
    08:24: Return to sender? BBC Scotland's Hugh Williams

    Dealing with dubious deliveries on @RoyalMail 's busiest day of the year. Live on GMS with @BBCGaryR before 9am

    Dubious deliveries
     
  85.  
    08:19: Appeal over black grouse numbers

    A report has urged "greater and more sustained co-operative action" to help save threatened black grouse populations in the south of Scotland.

    Scottish Natural Heritage said the birds faced "continued pressures" across the area.

    Black grouse

    The report confirms black grouse numbers in the southern part of the country are in long-term decline.

    Scientists predict that drop is likely to continue unless "strategic action" is taken to address the situation.

     
  86.  
    08:12: By road and by sea BBC Scotland Travel Latest
    Road Closures
     
  87.  
    08:02: Aleksandar Tonev reaction Alasdair Lamont BBC Scotland

    Bulgarian FA re Tonev: The BFU was very disappointed to hear that Aleksandar Tonev's ban was confirmed...

    Aleksandar Tonev
     
  88.  
    07:55: Rangers appeal Chris McLaughlin BBC Sport

    The Scottish Professional Football League (SPFL) is withholding £250,000 of broadcasting money due to Rangers in a bid to recoup a fine imposed for the club's use of a controversial tax scheme.

    Ibrox Stadium

    Lord Nimmo Smith imposed the fine last year after finding Rangers broke league rules in their use of an Employee Benefit Trust scheme.

    Rangers are to appeal the decision on the grounds that the company in breach of the rules has since been liquidated.

     
  89.  
    BBC Radio Scotland: 92-95 FM, 810 MW 07:54: On Good Morning Scotland Gary Robertson BBC Radio Scotland

    A report says that E-cigarettes 'help smokers quit or cut down'.

    E-cigarettes appear to help smokers cut down but some say they are creating a new generation of addicts

    We'll be discussing the finding with the report's author Jamie Hartmann-Boyce on Good Morning Scotland at 07:55 #bbcgms

     
  90.  
    07:48: Rangers latest Chris McLaughlin BBC Sport

    Rangers say SPFL withholding 250k payment due to their liability to pay EBT commission fine. Club to appeal.

     
  91.  
    07:45: 'Good deal' on fishing

    Scottish government ministers have welcomed a new EU deal on fishing quotas and industry rules, hailing its "main wins" as a freeze on proposed cuts to the days when fishermen can go to sea.

    There were also gains in key quotas of North Sea monkfish and prawns and West Coast haddock, although some key stocks such as saithe and whiting are being cut.

    Fish that have been caught

    Bertie Armstrong, from the Scottish Fisherman's Federation, says it's the best deal in the circumstances.

    "It's important to secure the best catching opportunities for next year that we can manage in the face of the discard ban," he told BBC Radio's Good Morning Scotland programme.

    "There's a lot of work to be done to get ready for that, but certainly with regard to the December council where our raw materials for business next year is set, this was a good one."

     
  92.  
    07:40: Celtic target Scotland winger

    Celtic are lining up a January move for Scotland winger Ikechi Anya, with manager Ronny Deila a huge fan of the Watford star, reports the Scottish Sun.

    Scotland and Watford winger Ikechi Anya

    And who is being tipped to succeed Rangers manager Ally McCoist?

    Read what else is making back-page headlines here.

     
  93.  
    07:33: 'Cannabis' may help children with epilepsy

    Children with severe epilepsy could be helped by a new treatment derived from the cannabis plant.

    The medicine does not contain the ingredient that produces the high associated with recreational cannabis.

    The treatment, called Epidiolex, is based on one of the non-psychoactive components of the cannabis plant, CBD.

    Early studies in the US have shown treatment with CBD may reduce the frequency and severity of seizures in children with severe forms of epilepsy.

    The new trial marks the first time the treatment has been tested in the UK.

     
  94.  
    07:30: UK & Scots hail fishing deal

    Ministers have welcomed a new deal on fishing quotas and industry rules reached after negotiations in Brussels.

    The Scottish government hailed its "main wins" as a freeze on proposed cuts to the days when fishermen can go to sea, and gains in key quotas.

    The UK government also said it had secured "the best possible deal".

    Fish

    The Brussels agreement resulted in increases for North Sea monkfish (20%) and prawns (15%), and West Coast haddock (14%) and monkfish (20%).

    Scottish Fisheries Secretary Richard Lochhead said: "It is good news for the fleet."

    He added: "It gives much-needed economic stability not just to them, but to our onshore sector and the coastal communities who depend on the jobs the sector provides."

     
  95.  
    07:23: What the papers say

    Our first look at this morning's #scotpapers

    Front pages, composite

    The National leads on the attack on a school in Pakistan by Islamist militants, which the the Daily Record describes as "beyond barbaric".

    The Scotsman also leads with news on the Catholic Church revealing the number of complaints it has received concerning allegations of abuse.

    Read a full paper review here.

     
  96.  
    07:19: Who wants to be a millionaire?

    How does winning a million pounds change your outlook on life when being "skint" is all you've ever known?

    Seventeen-year-old Jane Park scooped £1m in her first ever lucky dip.

    Teenage millionaire Jane Park

    In this clip she talks about coming to terms with her win and what she bought with the money.

    BBC documentary Teenage Millionaire: The Year I Won the Lottery will be broadcast tonight at 22:35 on BBC One Scotland.

     
  97.  
    07:13: Church to appoint gay ministers?

    The Church of Scotland has moved another step closer to allowing congregations to appoint gay ministers.

    A majority of the Kirk's presbyteries have now voted in favour of change.

    Commissioners of the Church of Scotland sit in the chamber during the debate on the issue of gay ministers in May 2013

    The final decision will be taken at next year's General Assembly.

    The issue has been a consistently controversial one for the church, prompting what Kirk leaders insist is a relatively small number of ministers to quit.

    Earlier this year, the General Assembly asked its 46 presbyteries to consider whether congregations should be allowed to opt out of the traditional stance and appoint a minister who is in a civil partnership.

     
  98.  
    07:11: Travel update - Dornoch Bridge

    Traffic Scotland tweets: A9 Dornoch Bridge is closed to High Sided Vehicles, wind speeds have exceeded 50mph.

    Please #DriveSensible

    Traffic Scotland twitter post

    Keep an eye on the latest travel advice via the BBC Scotland Travel site.

     
  99.  
    07:08: Scots council tax arrears 'highest in UK'

    Scots have the highest level of council tax arrears and payday loan debts in the UK, according to a report.

    Council tax  bill

    Debt charity StepChange found that 39% of Scots who approached it for help in the first six months of this year were in arrears on their council tax bills.

    On average, those who had fallen behind owed £1,534 - almost double the UK figure of £798.

    StepChange's Scotland in the Red report also indicated payday loan debts were still a problem north of the border.

    The average debt in the six months to June was £1,438 - the largest of the UK nations, and £129 more than the UK client average.

     
  100.  
    07:04: How's the weather looking? BBC Scotland Weather Latest

    Hi, Kawser here. Cloudy & mild, but cold start in north-eastern Scotland with an ice risk. Patchy rain in the south-west, few blustery showers in the north-west. Otherwise, mostly dry.

     

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