Category: Finance
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Cancer Therapy Spin-Off Formed with $45M Funding
22 January 2015. Autolus Ltd., a new enterprise developing engineered immune-system cells for treating cancer, is being formed in London, with £30 million ($45.4 million) in early financing. The company is founded and commercializing research by Martin Pule, a hematologist at University College London. Pule, who serves as Autolus’s chief scientist, studies T-cells, white blood…
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Zymeworks, Celgene to Develop Double-Binding Antibodies
21 January 2015. Zymeworks Inc., a biotechnology company in Vancouver, Canada and pharmaceutical maker Celgene Inc. are developing biologic therapies using Zymeworks’ antibody technology. The deal makes Zymeworks eligible for up to $164 million from Celgene for each candidate developed under the partnership, as well as an unspecified initial payment and equity investment. Under the…
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DNA Tools Being Devised to Determine Physical Appearance
15 January 2015. A genetics professor in Indiana is developing forensics techniques to determine physical appearance characteristics of people from samples of their DNA. The work of Susan Walsh, in the biology department at Indiana University – Purdue University in Indianapolis is funded by a $1.1 million grant from National Institute of Justice, a division…
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Behavioral App Developer Lands $20 Million in Venture Funds
13 January 2015. Ginger.io, a company in San Francisco developing smartphone apps for monitoring mental state and wellness, raised $20 million in its second venture financing cycle. The new funding was led by first-round investors Khosla Ventures and True Ventures, with participation by undisclosed new investors. Ginger.io, a spin-off from human dynamics research at MIT’s…
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Foundation Supporting Open Science Initiatives
12 January 2015. Helmsley Charitable Trust is awarding $6.4 million in grants to three not-for-profit organizations that foster more open and collaborative science. The awards, from the foundation’s Biomedical Research Infrastructure Program, support new research platforms, data management tools, and training programs. The Biomedical Research Infrastructure Program aims to support new technologies and systems that…
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Roche Buys $1 Billion Stake in Cancer Genetics Company
12 January 2015. Pharmaceutical company Roche is acquiring a majority stake in Foundation Medicine, a company conducting personal genomic analyses for cancer patients. The investment, licensing, and collaboration deal is expected to bring Foundation Medicine, in Cambridge, Massachusetts more than $1 billion. Foundation Medicine — founded by scientists at Dana-Farber Cancer Institute, Harvard Medical School,…
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Fertility Science Company Raises $115 Million in IPO
8 January 2015. OvaScience Inc., a developer of fertility treatments using a woman’s early-forming egg cells, issued its initial public offering of common stock, raising some $115 million. The Cambridge, Massachusetts company that trades on the NASDAQ exchange under the symbol OVAS, issued 2.3 million shares yesterday priced at $50.00. At 12 noon on 8…
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Biotech, Device Maker Partner on Retinal Disease Therapy
7 January 2015. GenSight Biologics, a Paris-based biotechnology company, and Pixium Vision, a developer of vision restoration systems also in Paris, are collaborating with a French vision and hearing foundation to design a therapy for people with retinitis pigmentosa, a genetic disorder causing people to lose their vision over time. The project is funded by…
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Novartis Licensing Biotechs’ Gene-Editing Technologies
7 January 2015. Pharmaceutical maker Novartis is licensing technologies from two biotechnology companies that enable the editing of human genomes to cure disease. Financial details of the agreements with Caribou Biosciences Inc. in Berkeley, California and Intellia Therapeutics in Cambridge, Massachusetts were not disclosed, but involve equity investments, initial payments and research support, and milestone…
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Gilead Acquires Biotech Liver Disease Therapies
6 January 2015. Biopharmaceutical company Gilead Sciences bought an experimental drug to treat non-alcoholic liver diseases from Phenex Pharmaceuticals AG, a German biotechnology firm. Gilead, in Foster City, California, is expected to pay Phenex up to $470 million for the drug. Under the deal, Gilead acquires Phenex’s work developing a drug that binds to and…