Category: Finance
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Smartphones Studied to Upgrade Hearing Aids
6 February 2015. Engineers at University of Texas in Dallas are studying the potential of smartphones to boost the ability of hearing aids to help people who are hard of hearing. Electrical engineering professor Issa Panahi is leading a team of engineers and audiologists in a two-year, $522,000 project funded by National Institute on Deafness…
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Biochemistry Spin-Off Formed, Gains $45M Funding
4 February 2015. Revolution Medicines Inc., a spin-off enterprise based on research in protein chemistry at University of Illinois, is starting up with $45 million in first-round venture funds. The company is founded by Illinois biochemistry professor Martin Burke, and initially financed by Third Rock Ventures, a San Francisco venture capital firm. Burke’s lab in…
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Neuro Disease Biotech Raises $20M in Early Funds
3 February 2015. Lysosomal Therapeutics Inc., a biotechnology company developing treatments for inherited neurodegenerative disorders, raised $20 million in its first venture funding round. The Cambridge, Massachusetts enterprise, begun last year, is backed by several venture capital funds and pharmaceutical companies. Lysosomal Therapeutics is based on the research of Dimitri Krainc, a neurologist now at Northwestern…
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NIH Grant Funding Stress-Obesity Control System
2 February 2015. A team from University of Massachusetts Medical School and Worcester Polytechnic Institute are creating a smartphone app combined with a cloud-based data store to help people who overeat due to stress control their eating. The system known as the RELAX Application Suite is funded by a 3-year, $2 million grant from National…
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$50M Grant Funding Research to Improve Vaccine Effects
30 January 2015. Researchers at Stanford University in California are beginning an interdisciplinary project to improve the way vaccines harness the immune system for protecting against disease. The initiative, which will establish a Human Systems Immunology Center at Stanford, is funded by a 10-year, $50 million grant from the Bill and Melinda Gates Foundation. Immunologist…
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Gene Therapy Biotech Raises $161M in IPO
30 January 2015. Spark Therapeutics Inc., a biotechnology company in Philadelphia, is raising $161 million in its initial public stock offering. The company, developing genetic therapies for inherited diseases, priced 7 million shares of its common stock at $23.00 a share. The stock trades on the NASDAQ exchange under the symbol ONCE, and as of…
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Trial to Test Drug to Delay Early-Onset Alzheimer’s
28 January 2015. A clinical trial is planned to test a current drug for epilepsy as a way to delay the early onset of Alzheimer’s disease. The late-stage trial undertaken by AgeneBio Inc., a start-up pharmaceutical company in Baltimore, is funded by a $900,000 grant from Alzheimer’s Drug Discovery Foundation. The trial aims to address…
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XPrize Awards $5.25M for Lunar Technologies
26 January 2015. A competition to develop new technologies for landing and robotic exploration of the moon awarded $5.25 million in 9 prizes to 5 private companies, as part of the Google Lunar XPrize challenge. The companies — from the U.S., Germany, Japan, and India — received the prizes for their design and development of…
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Challenge Seeks Exosome Drug Delivery Technologies
23 January 2015. A new challenge on InnoCentive is asking for systematic techniques for using exosomes, tiny components that cells secrete for specialized functions, as vehicles to deliver drugs. The challenge has a purse of $30,000 and a submission deadline of 17 February 2015. InnoCentive in Waltham, Massachusetts conducts open-innovation, crowdsourcing competitions for corporate and…
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UC-Davis, National Labs to Train Science Entrepreneurs
23 January 2015. Lawrence Livermore and Sandia National Laboratories are partnering with the Graduate School of Management at University of California in Davis to train scientists in entrepreneurial skills to take their discoveries to market. The pilot program, called Lab-Corps, is funded by a $350,000 grant from U.S. Department of Energy, parent agency of the…